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Indian stock market daily closing report (October 15, 2012)

Contributed by Nirmal Bang

Indian markets ended on flat note in a choppy trading session today. According to the data released by the government, the inflation rose 7.81% YoY in the month of September. The inflation in September increased as compared to 7.55 % in August due to hike in diesel price in last month. The investors sentiments remained subdued as the inflation still remain way above the RBI comfort zone of 5-6%. So the September inflation figure has decreased the probability of policy rate cut by RBI in its midterm policy review scheduled on 30th of Oct.

The breadth of the market was positive in today’s trade.