Tag: Index Of Industrial Production

'Revision in WPI, IIP base year will raise 2016-17 GDP by 50 bps'

New Delhi: The country’s GDP for 2016-17 will get a 50 basis points (bps) push to 7.6 per cent from the government’s estimate of 7.1 per cent, due to the recent revision of the base year of the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP), India’s former chief statistician Pronab Sen said. […]

  • Monday, 05 July 2021
Results, rates and rupee to drive market trends

Mumbai: Key macro-economic data points on industrial production and inflation rates along with the commencement of the quarterly result season will determine the movement of equity indices next week, analysts opined. According to market observers, even the direction of foreign fund flows and the rupee’s movement against the US dollar on the back of budgetary […]

  • Wednesday, 28 April 2021
Sensex ends lower as China reports weak trade data

Mumbai: Indian markets closed lower on Friday following Asian markets which slid as the second largest economy China reported trade data. Markets were choppy throughout the day ahead of India’s key macro-data release. The S&P BSE Sensex closed 86.88 points lower at 38,736.23 while the Nifty declined by 30.40 points or 0.26 per cent to […]

  • Wednesday, 28 April 2021
Sensex Down 175 Points After Opening Flat

Mumbai: The Sensex on Monday fell by 175 points during the early trade after it opened marginally lower. The decline was led by automobile companies, however, FMCG and pharma stocks gained. At 9.19 a.m., the Sensex traded 175.19 points lower at 36,806.58, from its Friday’s close of 36,981.77. The broader Nifty traded 41.80 points lower […]

  • Monday, 26 April 2021