Indian market closes positive
According to media reports, the Indian equity benchmarks close at their two-month high largely driven by Banking & Financial stocks and Tata Group stocks.
However, the upside was limited with investor selling in market leaders such as Infosys, Reliance Industries and ITC, media reported.
The market is also cautious over US President-elect Donald Trump's policies. Trump will assume office later this week.
Top gainers on BSE Sensex on Monday were Tata Steel, Tata Motors, Adani Ports, State Bank of India and Hero MotoCopr while the key losers were Infosys, ONGC, Reliance, Sun Pharma and GAIL.
The Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2016 published on Monday revealed that WPI for for ‘All Commodities’ declined by 0.2 percent to 182.8 (provisional) from 183.1 (provisional) for the previous month.
The annual rate of inflation, based on monthly WPI, stood at 3.39% (provisional) for the month of December, 2016 (over December, 2015) as compared to 3.15% (provisional) for the previous month and -1.06% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 4.28% compared to a build up rate of 0.40% in the corresponding period of the previous year.
Image: Wikimedia Commons
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