IIP, CPI & WPI Inflation data could dictate the trend.... On the macro front, the government will unveil industrial production data for January 2014 on Wednesday, 12 March 2014. Industrial output fell 0.6% in December 2013 after contracting a revised 1.3% in November 2013. The government unveils data on CPI inflation for urban and rural India for February 2014 on Wednesday, 12 March 2014. CPI inflation eased to 24-month low of 8.79% in January 2014. The data on inflation based on the WPI for February 2014 is due on Friday, 14 March 2014. WPI inflation stood at 5.05% (provisional) in January 2014 as compared to 6.16% (provisional) for December 2013 Corporate advance tax data for the fourth and final installment, domestic macroeconomic data and the influential US non-farms payroll data for February 2014 will dictate the near term trend on the domestic bourses
Posted on: Mon, 10 Mar 2014 04:10:02 +0000
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