Stock Market Highlights, May 13: Sensex recoups 910 pts from low, ends 112 pts up; Nifty holds 22100

Stock market highlights, Monday, May 13, 2024: In the broader markets, the BSE MidCap index gained 0.36 per cent, while the BSE SmallCap fell 0.23 per cent

8:04 AM

ALERT :: GIFT Nifty down 37 points

>> GIFT Nifty index is quoting over 30 points lower at 22,103 level

8:00 AM

ALERT :: Australian govt expects central bank's inflation target will be met by year-end

>> The Australian government expects inflation to be in the Reserve Bank of Australia’s 2%-3% target range by the end of 2024, Reuters reported.

 

>> Australia’s government is set to announce the federal budget on Tuesday.

Source: Agencies

7:56 AM

ALERT :: Chinese markets drag as April inflation comes in slightly higher than expected

>> Consumer prices in China rose at a faster pace than expected, with the consumer price index in April recording a 0.3% increase year-on-year, data from the National Bureau of Statistics on Saturday showed.

 

>> This was higher than the 0.2% forecast by a Reuters poll of economists, and more than the 0.1% rise seen in March.

 

>> Separately, China’s producer price index fell 2.5% compared to April last year, compared to a 2.8% decline in the previous month.

Source: CNBC

7:53 AM

Asian market check :: All indices edge lower led by China

7:50 AM

Wall Street check :: Indices ended mixed last Friday

7:39 AM

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