Don’t miss the latest developments in business and finance.

Rate-sensitive stocks gain on low retail inflation

Image
Reuters
Last Updated : Oct 14 2014 | 1:25 PM IST

Reuters Market Eye - Interest rate-sensitive stocks gain after the CPI inflation slows to 6.46 percent, the lowest level since figures were first published in January 2012.

The data may prompt the RBI to cut rates earlier than expected, traders say.

Axis Bank Ltd surges 2.48 percent, while State Bank of India gains 1.8 percent.

Mahindra and Mahindra Ltd rises 0.07 percent and Maruti Suzuki India falls 0.43 percent.

(Reporting by Abhishek Vishnoi)

Also Read

First Published: Oct 14 2014 | 1:15 PM IST

Next Story