Epicresearch
Asha Soni
The key domestic benchmarks were trading higher today with the Sensex notching up decent gains tracking a rally in most Asian markets which rose as upbeat American retail sales data signaled a pickup in the world’s largest economy, spurring demand for risky assets. US retail sales rose 1.1 per cent in September 2012, followed by 1.2 per cent in August 2012, recording its best back-to-back performance since late 2010, the Commerce Department said on Monday.
On the domestic front, diminishing hopes of an imminent RBI rate cut amid a rebound in inflation stemmed the gains in stocks. Moreover, corporate earnings numbers continued to weigh on market sentiment.
MCX tips| Commodity tips
On the domestic front, diminishing hopes of an imminent RBI rate cut amid a rebound in inflation stemmed the gains in stocks. Moreover, corporate earnings numbers continued to weigh on market sentiment.
MCX tips| Commodity tips