As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start
Both Sensex and Nifty closed over 1 per cent lower on Tuesday, November 12, with the Sensex ending at 78,675.18 and the Nifty closing at 23,883.45 levels
Stock market today, Sept 13, 2024: Indian stock market investors will react to August CPI inflation data, ECB rate cut, and eye Western Carriers IPO on Friday
Earlier, RBI governor Shaktikanta Das on Thursday said that with retail inflation still above the 4 per cent target, any talks about cuts in interest rates would be too premature
The CPI-IW figures have not been released for the months of February and March, and the labour bureau has not given any explanation for not releasing the indices on the stipulated dates
The growth rate in the IIP slightly increased to 3.8 per cent in December from 2.4 per cent in November on the back of improvement in the performance of the manufacturing sector (3.9 per cent)
RBI Governor Shaktikanta Das in his latest monetary policy statement had expressed concern over "sticky and elevated" core inflation, holding that the battle against inflation was not over yet
The possibility of a slowdown in bond buying is also in focus leading up to a European Central Bank meeting on Thursday, and both concerns kept a lid on price moves in Asia