BSE Sensex edges up; on hold for inflation data


16/06/2012 10:02 AST  Firstpost

The BSE Sensex barely gained on Wednesday, a day before key inflation data that could help determine whether the Reserve Bank of India (RBI) will cut interest rates and further spur a rally in domestic indexes.

The weak January-March economic growth data, S&P’s warning of a sovereign downgrade, and the dismal industrial output data for April have all recently raised expectations for a rate cut from the Reserve Bank of India on June 18.

The wholesale price index on Thursday will be key, with investors particularly focused on core inflation. Should the data that strips out energy and food come at 5 percent or below, it would cement expectations for monetary easing, traders said.

For more on this Click Here
Global News
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | News Archive

JAN | FEB | MAR | APR | MAY | JUN
Most Viewed News
Most Viewed Companies
Ticker Price Volume
RIBL 24.7 220,469
ALKHODARI 31.2 395,717
EMAAR 5.66 7,755,492
WATANIYA 99.25 509,246
UCA 36.5 203,884
NBAD 12.35 328,558
SAGRINSURANCE 24.2 518,593
Recent News

Rakbank bags gold for AMAL TVC
Rakbank was announced the winner of the Gold Summit Creative Award (SCA) for its AMAL Launch Television campaign during the recent 2013 Summit International Award (SIA) held in the United States.

KFH capital increase subscribed amounts
Kuwait Finance House KFH Chairman Muhammad Ali Al-Khudairy said: The subscription process in the capital increase of 20% approved by the Extraordinary General Assembly on April 24th 2013 by a value

QNB named Best Bank in Qatar and Middle East for 3rd consecutive year
Qatar National Bank (QNB), has been the recipient of two industry recognised awards from the Banker Middle East.

QNB was awarded the 'Best Bank in Qatar' Award and was additionally recognis

Al Baraka Turk planning $200m sukuk
Bahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million, 10-year subordinated sukuk, Al Baraka Turk general manager Fahrettin Yahsi told Reuters on Wednesday.

KFHR and INCEIF, The Global University of Islamic Finance Sign MoU
Kuwait Finance House Research Limited (KFHR), a subsidiary of Kuwait Finance House (KFH group), today announced the signing of a Memorandum of Understanding (MoU) with The Global University of Islam

Research Reports
GCC Stock Markets - Daily Daily Market Review - Saudi Stock Exchange Daily Market Review - Dubai Financial Market Daily Market Review - Abu Dhabi Securities Exchange Daily Market Review - Kuwait Stock Exchange more..
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?