After the WPI (Wholesale Price Index) inflation for March had been announced key indices, Sensex and Nifty closed a bit higher on Monday.
The Bombay Stock Exchange (BSE) Sensex closed 112.78 points higher at 34305.43 points, on the other hand, Nifty edged marginally above 10500 to trade at 10528.35 points. While those shares of Grasim Industries, Cipla, and UPL rallied up to 5%, Wipro, Tech Mahindra, SBI, and Bharti Airtel traded under pressure.
Following the global cues, here are the five major headlines from the world that could help you decide in trade sentiments to know what note equity and currency markets will start the day.
WPI inflation eases to 2.47% in March on cheaper food items
On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year.
Asia stocks edge up on easing Syria tensions; focus on earnings
The dollar pulled back along with safe-haven US Treasuries as investor risk appetite improved in the broader markets. The second largest economy of the world was expected to have carried most of its powerful momentum from last year into the first quarter of this year, after growing 6.8 per cent in the fourth quarter.
China Q1 GDP grows 6.8 pct y/y, slightly more than expected
China's economy grew by 6.8 per cent in the first quarter of this year compared to a year earlier.
Fortis shareholders need objective advice on buyout offers
Fortis healthcare shareholders received three takeover bids, proxy advisory firm IiAS said on Monday.
UltraTech revised offer divides Binani creditors
There is an increase for the rebidding of Binani cement after Kumar Mangalam Birla’s cement arm UltraTech raised the bid value to Rs.8000 crores last week.