The stock market is likely to track global events in the absence of any domestic cue this week. The food inflation number, which is now in double digits, would be the only domestic trigger that investors would watch eagerly as the Reserve Bank of India is set to review its money policy on September 16.
In yet another indicator of sluggishness in the economy industrial output fell to a nine-month low of 5. 6 per cent in May this year compared to 8
Finance Minister Pranab Mukherjee today said deceleration in industrial growth to 2. 7 per cent in November and high inflation could have an adverse impact on the economy and promised
Economic data releases, including industrial output numbers and monthly inflation data, and September quarter results of a few frontline companies due towards the end of the week will decide the direction of the market this week.
The Sensex and the Nifty gained more than 2 per cent on Monday on firm global cues and robust domestic industrial production data that was announced on Friday.
The
Macro economic cues such as domestic industrial production numbers and monthly inflation data coupled with factory output numbers from largest European economies — Germany and the UK, may give
The plan panel and the government today said the dip in industrial production in March would not dent the outlook for factory output in the current fiscal.
India's manufacturing activity expanded for the eighth straight month in November but at its weakest pace since March due to a slowdown in growth of output, new business and employment,
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