Indian benchmark indices, the Sensex and the Nifty, gained over 0.6 per cent in the mid-session on Tuesday on fresh buying by funds and retail investors as the lower-than-expected IIP data boosted hopes of a rate cut.
Factory output growth in April came in at a less-than-expected level of 0.1 per cent, raising fears that economic slowdown is likely to persist in the first quarter this fiscal.
The industrial growth performance for the month was, however, better than the previous month when factory output contracted 3.5 per cent.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
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Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp