#OpeningBell #MarketNews #News The #Indianmarkets fell in line to some of their regional counterparts in last session and ended with cut of about a percent despite a positive beginning. Today, the start is likely to be soft and indices may get a gap down start in a knee-jerk reaction to the lower than expected Industrial Production numbers, #IIP for #September grew 2% compared to a contraction of by 0.7% in the corresponding period last year. The rate sensitives’ are likely to remain under pressure, as in a separate development, driven by #foodprices, the annual consumer price #inflation quickened to 10.09 percent in #October from 9.84 percent in #September. Meanwhile, there will be buzz among the #foreigninvestors, as the #FinanceMinistry has said that it would finalise views on the definitions of #foreigndirectinvestment and #foreigninstitutionalinvestment in the next two weeks to remove any ambiguity over the two terms. There will be some action in all services related stocks, as the #CommerceandIndustry Minister #AnandSharma has said that the #Government will set up a joint task force for the services sector together with the industry to prepare an action plan for the development of the sector and increase services exports. Read more at rsec.co.in/market-and-news/equity/market-outlook/daily
Posted on: Wed, 13 Nov 2013 03:51:48 +0000
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