Reports » India
Indian stock market daily closing report (March 14, 2013)
March 14, 2013, Thursday, 12:39 GMT | 08:39 EST | 17:09 IST | 19:39 SGT
Indian Markets rallied today on account of optimism of rate cut by the RBI. The WPI data for the month of February was declared at 6.8 per cent YoY from 6.6 per cent the previous month as fuel price inflation accelerated.
The inflation data on the expected line improved hope for the interest rate cut by the RBI on March 19.
The Bank Nifty plunged into red in morning trade on the news that that several private large banks are indulging in money laundering practice. Together with this the news of re?working of tax treaty with Mauritius dampened investor’s sentiments in the morning trade.
The breadth of the market was positive in today’s trade.
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