From a high of 7 percent year-on-year a year ago, CPI inflation fell to 3.7 percent in July and August. At August's review, the RBI had emphasised that it would look through base-effect-distorted inflation readings in these two months but the slower-than-expected sequential pace probably took it by surprise.
Bullish on Indian equities for the past one-and-a-half years, trader Atul Suri is a concerned man these days looking at the way technicals have panned out over the last few months.
UR Associates has come out with its report on infrastructure sector. According to the research firm, the Insurance Regulatory and Development Authority (IRDA) carried out a detailed review of the existing investment regulation including the requirement to facilitate a higher flow of insurance funds to infrastructure sector.
The CRB, a global commodities benchmark broke 300 level on Wednesday; this fall according to Dhiren Sarin, chief technical strategist - Asia-Pacific, Barclays Capital is concerning and shows weakness in commodities.
It was carnage across the commodity space, oil collapsed into free-fall diving more than 10% & the Nymex crude prices slipping below the USD 100 a barrel mark. The resurgent dollar, coupled with demand concerns & disappointing economic data weighed on sentiment.
Nymex crude saw a high of USD 92.84/barrel. Currently it is trading just below USD 92/bbl..
Commodities bounced back on Tuesday. CRB Index gained 1.4% - biggest gain in the last 2 weeks.
CRB Index gained 0.5%. Upmove in CRB was restricted by dollar strength. Crude oil prices turned back above USD 90/barrel.
Crude lost 2.5% and was down to USD 89/barrel. Crude fell despite bullish inventory data. It is currently trading at USD 89 a barrel.