Pre Session- Sensex tipped to open lower ahead of IIP, CPI data
12/09/2014 08:36
The key domestic benchmarks are likely to open lower today as investors tread the cautious path ahead of industrial output and inflation data due today. India’s industrial output may have grown by 1.8 per cent in July 2014 from the same month a year ago, down from an annual 3.4 per cent rise in June 2014, signaling a slowdown in Asia’s third biggest economy. However, consumer inflation may have cooled last month, supporting sentiment. A mixed trend in Asian stocks may weigh on sentiment as China’s lending data came in mixed. China’s Shanghai Composite rose even as aggregate financing and money supply growth for August missed estimates but new local currency loan growth stood at 702.5 billion yuan in August, near the estimated 700 billion yuan mark. Hang Seng fell but Japan’s Nikkei 225 extended gains as a weaker yen boosted the appeal of exporter stocks.
Top traded Volumes on NSE Nifty – IDFC Ltd. 16992784.00, Bharti Airtel Ltd. 7064825.00, ITC Ltd. 5874927.00, Oil and Natural Gas Corporation Ltd. 5727559.00 and DLF Ltd. 5691537.00.
12/09/2014 08:36
The key domestic benchmarks are likely to open lower today as investors tread the cautious path ahead of industrial output and inflation data due today. India’s industrial output may have grown by 1.8 per cent in July 2014 from the same month a year ago, down from an annual 3.4 per cent rise in June 2014, signaling a slowdown in Asia’s third biggest economy. However, consumer inflation may have cooled last month, supporting sentiment. A mixed trend in Asian stocks may weigh on sentiment as China’s lending data came in mixed. China’s Shanghai Composite rose even as aggregate financing and money supply growth for August missed estimates but new local currency loan growth stood at 702.5 billion yuan in August, near the estimated 700 billion yuan mark. Hang Seng fell but Japan’s Nikkei 225 extended gains as a weaker yen boosted the appeal of exporter stocks.
Top traded Volumes on NSE Nifty – IDFC Ltd. 16992784.00, Bharti Airtel Ltd. 7064825.00, ITC Ltd. 5874927.00, Oil and Natural Gas Corporation Ltd. 5727559.00 and DLF Ltd. 5691537.00.
