Sensex 27458.64 1.06 0%
Nifty 8341.4 -0.75 -0.01%
Retail sales in the euro area decreased after recording a modest increase in the previous month, data released by statistical office Eurostat showed Wednesday. Retail sales volume decreased 0.2% month-on-month in September, reversing the previous month's 0.2% rise. Sales of non-food products dropped 0.6% sequentially, while sales of automotive fuel in specialized stores slipped 2%. Trade in food, drinks and tobacco, meanwhile, increased 0.8% compared to August. At the same time, retail sales in EU27 moved up 0.1% month-on-month in September, after holding flat in the previous month, data showed.
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India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.