ECONOMY ANALYSIS
Sensex ends flat, down 37.69 points; Nifty above 7500
May WPI inflation at 6.01%, highest level since Dec 2013
Budget 2014: Raise 80C deductions to Rs 2.5 lakh, says CII
Cairn India up 3% as ONGC may hike stake in Rajasthan block
TCS rises 3% post analysts meet; brokerages impressed
Sebi board to mull primary market reforms on June 19
MARKET ANALYSIS
The benchmark Sensex today fell for the second session and ended 37.69
points down at 25,190.48, its lowest level in over ten days, as banking
shares slipped after May wholesale inflation surged, amid a weak rupee.
Besides, rising crude oil prices in global markets on escalating tensions in
Iraq further dampened hopes of a rate cut by the RBI as WPI inflation in
May rose to 5-month highs.
Wholesale price index (WPI) based inflation climbed to 6.01 per cent in
May, up from 5.20 per cent a month ago.
In choppy movements, the 30-share BSE barometer resumed 34 points
lower in line with weakness in Asian stocks. It declined further to a low of
25,063.93, down over 160 points at one stage, but rebounded to
25,268.41.
The slight recovery was on the back of rise in select stocks. It closed at
25,190.48, down 37.69 points, or 0.15 per cent. The index had lost 348.04
points on Friday.
Sensex ends flat, down 37.69 points; Nifty above 7500
May WPI inflation at 6.01%, highest level since Dec 2013
Budget 2014: Raise 80C deductions to Rs 2.5 lakh, says CII
Cairn India up 3% as ONGC may hike stake in Rajasthan block
TCS rises 3% post analysts meet; brokerages impressed
Sebi board to mull primary market reforms on June 19
MARKET ANALYSIS
The benchmark Sensex today fell for the second session and ended 37.69
points down at 25,190.48, its lowest level in over ten days, as banking
shares slipped after May wholesale inflation surged, amid a weak rupee.
Besides, rising crude oil prices in global markets on escalating tensions in
Iraq further dampened hopes of a rate cut by the RBI as WPI inflation in
May rose to 5-month highs.
Wholesale price index (WPI) based inflation climbed to 6.01 per cent in
May, up from 5.20 per cent a month ago.
In choppy movements, the 30-share BSE barometer resumed 34 points
lower in line with weakness in Asian stocks. It declined further to a low of
25,063.93, down over 160 points at one stage, but rebounded to
25,268.41.
The slight recovery was on the back of rise in select stocks. It closed at
25,190.48, down 37.69 points, or 0.15 per cent. The index had lost 348.04
points on Friday.
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