Friday, April 12, 2013

Nifty Tips Tomorrow || Market Trend For Tomorrow 15 April 2013

The benchmark indices have lost further ground after European markets opened on a weak note. The Indian market is struggling to find support at lower levels and is trading at the lowest point of the day.

Infosys, the second heavyweight stock in Sensex is down close to 20 percent on dismal results. The former IT bellwether has disappointed the street on all parameters. The stocks is trading below its 200 DMA of 2525.

The Sensex is down 322 points at 18220 and the Nifty is down 77 points at 5517.

IIP Data News and Updates :-

The industrial output (IIP) numbers for the month of February has come in better-than expected at 0.6 percent against an expectation of a contraction. The bounce in the industrial output has come due to contribution from consumer goods sector, which turned positive for the first time in a year at 0.5 percent.

Retail inflation declined to 10.39 percent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 percent in February . The inflation, however, continued to remain in the double digit terrain for the fourth consecutive month in March.

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Posted By Commodity MCX Tips