Sensex 29278.84 272.82 0.94%
Nifty 8835.6 74.2 0.85%
Finance Minister P Chidambaram has reportedly said that the government will take steps to revive the economy in the next few weeks
Addressing the 'Delhi Economics Conclave, FM said "It is too early to say whether the measures have begun to bear fruit, although it is our expectation that they will do so."
Earlier government has taken measures, including opening up of FDI in multi-brand retail and hiking foreign investment cap in the aviation sector.
The annual rate of inflation, based on monthly WPI, stood at 7.24% (Provisional) for the month of November, 2012 (over November, 2011) as compared to 7.45% (Provisional) for the previous month and 9.46% during the corresponding month of the previous year.
The economic growth in the first half of the fiscal fell to 5.4%, against 7.3 per cent in the corresponding period a year ago, report says.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.