Reports » India
Indian stock market daily closing report (January 28, 2013)
January 28, 2013, Monday, 13:24 GMT | 08:24 EST | 17:54 IST | 20:24 SGT
The Indian markets traded in lackluster trading session today as the investors remain cautious ahead of tomorrows RBI midterm policy review meet.
According to the Macroeconomic Survey report released by the Reserve Bank of India (RBI) the wholesale price index (WPI) based inflation is expected to be at 7% by the end of FY13. The bank has also lowered the GDP growth forecast from 5.7% to 5.5% for the 2012-13. This has dampened the rate cut expectation from its tomorrows midterm policy review meet.
The breadth of the market was positive in todays trade.
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