Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 213.20 points or 0.41% at 52,585.89. The Nifty 50 index was up 68 points or 0.43% at 15,760.60. Positive Asian stocks boosted sentiment.
The S&P BSE Mid-Cap index was up 0.12%. The S&P BSE Small-Cap index was up 0.46%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1890 shares rose and 685 shares fell. A total of 97 shares were unchanged.
On the macro front, the country s retail inflation, measured by the Consumer Price Index (CPI), eased marginally to 6.26% in the month of June. Separately, India s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a year-on-year growth of 29.3% in May, two separate data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 139 points at the opening bell.
On the macro front, the country s retail inflation, measured by the Consumer Price Index (CPI), eased marginally to 6.26% in the month of June. Separately, India s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a year-on-year growth of 29.3% in May, two separate data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday. The retail inflation during the month of May was at 6.30%. The IIP had crashed (-)33.4% on-year to 90.2 in May 2020, the data showed. This was mainly due to the nationwide lockdown which was imposed last year to curb the first wave of coronavirus (Covid-19) pandemic.
IIP for the mining, manufacturing and electricity sectors for April stood at 108, 125.1 and 174, respectively. As per Use-based classification, the indices for primary goods stand at 126.7; 82.4 for capital goods
The RBI expects GDP to grow at 18.5 per cent in first quarter, 7.9 per cent in second quarter, 7.2 per cent in third quarter, and 6.6 per cent in fourth quarter of 2021-22
RBI MPC meet: The RBI is likely to revise growth projections for FY22, which would be in line with a host of rating agencies, banks and brokerages estimates