Monday, January 14, 2013

Market Today : WPI Inflation data

The Wholesale Price Index (WPI)-based inflation for December came in at 7.18 per cent, lower than the 7.24 per cent level seen in November. The December WPI inflation data was also much lower than the 7.74 per cent recorded in December last year.

Infosys shares extended their rally on Monday, gaining more than 4 percent, as Barclays raised its rating on the stock to "overweight" from "equal weight" and JPMorgan upgraded it to "overweight" from "neutral." It is enough to say that the worst is behind them, but whether they will sustain this kind of sequential growth remains to be seen.

Tip of the Hour :- Inflation data beat market expectation watch fireworks in banking stocks, catch DCB.

In the meanwhile, Wishing you all a Very Happy Makar Sankranti !


Posted By Commodity MCX Tips