Intraday,
The danger of India being declared an economy facing stagflation grew more as the Consumer Price Index for October climbed 10.09 per cent from 9.84 per cent in September. The Index of Industrial Production in September rose 2 per cent.
The market breadth, indicating the overall health of the market,was negative with 1,489 stocks declining, while 975 gained. Foreign funds bought Rs 348 crore worth of equities on Tuesday, but domestic funds outweighed them with Rs 870-crore sales, according to BSE
data.
The data is refreshed from 10:30 IST
The recommendation is based on our research and I believe that this is the way it would be heading. The data has been used from Bloomberg. In - Bloomberg India, The Economic Times Business News, Personal Finance, Financial,CNBC TV18 - Money Control, Money Control, NDTV Profit: Business Finance, Stock Market, Quotes, News, ICICI Direct and discussion with the guru’s of share market. I have also observed Rakesh Jhunjhunwala portolio and his approach towards the market trading.
The views and recommendations expressed in this section are my own view. Please consult your financial advisory before taking any position in the stocks mentioned
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Declined trend seen for the straight sixth day yesterday as we (investors) got into profit taking at higher levels on growth slowdown and high inflation coupled with rupee's slide against U S dollar. The Sensex shop closed by losing 209 points after making a high of 20584 and a low of 20262 while the Nifty ended at 6018 losing 60 points. Meantime, IIP data for September showed growth of 2% while the retail inflation rose to 10.09%.
The market breadth, indicating the overall health of the market,was negative with 1,489 stocks declining, while 975 gained. Foreign funds bought Rs 348 crore worth of equities on Tuesday, but domestic funds outweighed them with Rs 870-crore sales, according to BSE
data.
The data is refreshed from 10:30 IST
The recommendation is based on our research and I believe that this is the way it would be heading. The data has been used from Bloomberg. In - Bloomberg India, The Economic Times Business News, Personal Finance, Financial,CNBC TV18 - Money Control, Money Control, NDTV Profit: Business Finance, Stock Market, Quotes, News, ICICI Direct and discussion with the guru’s of share market. I have also observed Rakesh Jhunjhunwala portolio and his approach towards the market trading.
The views and recommendations expressed in this section are my own view. Please consult your financial advisory before taking any position in the stocks mentioned
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