BSE Sensex flat; all eyes on inflation data

SENSEX-INFLATION-ICICI-BANKS-RBI-RATE:BSE Sensex flat; all eyes on inflation data
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

Home » News » Markets » Local Markets

Apr 16, 2012, 03.21 PM | Source: Reuters

BSE Sensex flat; all eyes on inflation data

SENSEX-INFLATION-ICICI-BANKS-RBI-RATE:BSE Sensex flat; all eyes on inflation data

Like this story, share it with millions of investors on M3

BSE Sensex flat; all eyes on inflation data

SENSEX-INFLATION-ICICI-BANKS-RBI-RATE:BSE Sensex flat; all eyes on inflation data

Post Your Comments

Share Cancel

10:46
BSE Sensex flat; all eyes on inflation data
Reuters Market Eye - The BSE Sensex was flat as technology stocks extended falls after Infosys' revenue outlook disappointed last week, though banking shares gained on rising expectations for a cut in the repo rate on Tuesday.

All eyes will be on the wholesale price inflation data for March, due out around 11:30 am.

WPI is expected to come in at 6.70 percent from a year ago, under the 6.95 percent recorded in February, according to a Reuters survey.

The inflation data will set the mood ahead of the Reserve Bank of India's policy meeting, with analysts widely expecting a 25 basis point cut in the repo rate, though some traders predict the central bank could cut the cash reserve ratio instead.

State Bank of India rose 1.7 percent, while real estate developer DLF gained 1.3 percent.

Those gains were offset by continued falls in software services exporters, with Infosys down 0.4 percent and Tata Consultancy Services down 0.7 percent.

The country's main 30-share BSE index was trading down 0.05 percent, while the 50-share NSE index fell 0.03 percent.

(Reporting by Manoj Dharra; Editing by Rafael Nam)

10:10
The BSE Sensex trimmed its losses amid choppy trade, led by support from banks, realty and capital goods stocks. Country's largest lender State Bank of India shot up 2% on hopes that the Reserve Bank of India may cut rates by 25 basis points tomorrow in its monetary policy for FY13.

Read More »

09:19
The BSE Sensex and NSE Nifty started off trade with 0.4% gap down on first day of the week, tracking negative global cues.

Read More »

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
BSE Sensex flat; all eyes on inflation data

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login