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Sensex slips 1.6 pct, industrial output data disappoints

The BSE Sensex fell for the second consecutive day and ended 1.59 percent down on Thursday as an unexpected fall in industrial output data for December added to concerns over a deteriorating global economic outlook.

Index heavyweights like Reliance Industries (down 2.3 percent), Infosys (down 3.3 percent) and Bharti Airtel (down 3.5 percent) contributed to the fall.

Industrial output data fell 2 percent in December from a year earlier, the second fall in three months — further evidence of falling demand at home and abroad. In this scenario, more rate cuts by the RBI cannot be ruled out.

There was some respite as inflation fell to 4.39 percent at the end of January; the lowest in just over a year. Economists expect inflation to continue to fall for some time.

Sensex loses ground as U.S. stimulus package disappoints

The BSE Sensex fell in early trade but pared losses to close 0.3 percent down on Wednesday as the much-awaited U.S. stimulus package failed to shore up investor sentiment globally.

Investors were disappointed with the $838 billion stimulus bill passed by the U.S. Senate on Tuesday and their reaction clearly showed greater concern about financial security.

Realty gains in volatile market

The BSE Sensex today shrugged off shaky early trade and ended 0.6 percent higher on speculation the government would announce an economic stimulus plan in its interim budget.

On the global front, World stocks fell after five days of gains as investors fretted over U.S. plans to boost the economy and save its banks.

Cheer for investors as Sensex rises for second day

It was another bright day for Indian investors as gains across world markets allayed concerns over risk aversion and triggered short covering ahead of the expiry of monthly derivatives contracts on Thursday.

The BSE Sensex closed 2.81 percent up at 9257, with heavyweight Reliance Industries leading the march.

Sensex rallies despite RBI decision

The BSE Sensex shrugged off the RBI decision to keep rates steady and closed 3.8 percent higher as gains in global markets triggered short covering ahead of the expiry of monthly derivatives.

In today’s policy review, the Reserve Bank left its lending rate steady at 5.5 percent and its reverse repo rate unchanged at 4.0 percent at its policy review on Tuesday. It has also kept the cash reserve ratio unchanged at 5.00 percent.

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