After poor IIP data, inflation may not lead to more rate cuts by the RBI is expected to continue. After beginning the poor because the market was 0.5 per cent.
Sensex up 80 points at 20039 and Nifty closed 22 points higher 6031 level. However, midcap stocks topped today. Nifty Midcap Index was up 1.25 per cent. BSE Smallcap was up 0.75 per cent
Market moves
Despite strong international signals, beginning with weakness in markets. Nifty opened below 6000. IIP -1.6 per cent in May and June were disappointed in the retail market of rising inflation.
Rupee weakness due to increased selling pressure on the markets. Sensex down 75 points. Rupee against the U.S. dollar because of poor economic data came across again 60.
Signs of recovery in European markets and the mood changed to Rs. Sensex crosses 20,000. Nifty back above 6000. Midcap and Smallcap stocks also showed good speed.
In June inflation below 5 per cent by the RBI likely to cut rates have increased, showing enthusiasm in the market. Sensex up over 100 points. Midcap stocks rose 1.25 percent....
Sensex up 80 points at 20039 and Nifty closed 22 points higher 6031 level. However, midcap stocks topped today. Nifty Midcap Index was up 1.25 per cent. BSE Smallcap was up 0.75 per cent
Market moves
Despite strong international signals, beginning with weakness in markets. Nifty opened below 6000. IIP -1.6 per cent in May and June were disappointed in the retail market of rising inflation.
Rupee weakness due to increased selling pressure on the markets. Sensex down 75 points. Rupee against the U.S. dollar because of poor economic data came across again 60.
Signs of recovery in European markets and the mood changed to Rs. Sensex crosses 20,000. Nifty back above 6000. Midcap and Smallcap stocks also showed good speed.
In June inflation below 5 per cent by the RBI likely to cut rates have increased, showing enthusiasm in the market. Sensex up over 100 points. Midcap stocks rose 1.25 percent....
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