Markets flat with IIP, CPI and WPI due this week

Feb 10 2014, 15:54 IST
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NSE’s Nifty was up 2.95 points at 6,066.15 points. NSE’s Nifty was up 2.95 points at 6,066.15 points.
SummaryThe BSE barometer, the Sensex was trading 14.24 points higher at 20,390.80 points

Benchmark indices were trading flat on Monday with key economic numbers due in the week. The BSE barometer, the Sensex was trading 14.24 points higher at 20,390.80 points, at 2.30 pm IST while NSE’s Nifty was up 2.95 points at 6,066.15 points.

The Index of Industrial Production (IIP) numbers and the consumer price index (CPI) data are due on Wednesday, while the data for the wholesale price index (WPI) inflation would be out on Friday.

Experts expect markets to remain volatile in the short-term. “There are no reasons for the markets to go higher or lower. Emerging markets are still not out of the woods,” said Andrew Holland, CEO, Ambit Investment Advisors.

Among sectoral indices, BSE Realty (1.58%), BSE Capital Goods (0.95%) and BSE Oil & Gas (0.94%) were the major gainers, while BSE IT (-0.24%), BSE FMCG (-0.14%) and BSE Metal (-0.15%) were trading in the red.

Among individual stocks, Maruti Suzuki (2.08%), Sun Pharmaceutical Industries (1.71%) and Dr Reddy’s Laboratories (1.67%) were the major gainers on the Sensex. Tata Motors was marginally up 0.86% ahead of its Q3 results. In broader markets, the shares of DLF gained 5.7% intra-day after the realty major announced sale of Aman Resorts for Rs 1,600 crore.

Among key Asian indices, Shanghai Composite (2.03%), Kospi (0.04%) and Taiwan Taiex (0.05%) were trading in the green. Straits Times (-0.15%) and Hang Seng (-0.27%) were trading in the red.

In broader markets, the shares of DLF gained 5.7% intra-day after the realty major announced sale of Aman Resorts for Rs 2,200 crore.

Among European indices, the FTSE 100 (0.07%), DAX (0.16%) and CAC 40 (0.20%) were trading in the green. On Friday, the Dow Jones Industrial Average (1.06%) and the Nasdaq Composite (1.69%) closed higher.

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