The
resurgence seen in industrial production has not really cheered the
market. Some argue it’s more of a statistical delight given the low base
effect. With retail inflation spiking, investors are worried that the
RBI may choose to delay the much sought rate cuts.
The
indices are set to open flat to positive. Asian markets are trading
higher after Japanese exporters are clocking gains on the bourses. The
Yen is down to an 8-month low against the dollar. US indices ended flat
as investors sought more concrete action from the Fed. The US Federal
Reserve announced a stimulus plan to boost the country’s economy. Fed
taking sides with American jobless ruled to keep the interest rates
between 0 and 0.25% until the unemployment fells to 6.5%.
The
BSE is set to launch the first it SME Index tomorrow. Infosys announced
that its ADS have started trading on the NYSE under the ticker symbol
‘INFY’. The company is in the process of listing its ADS on the Paris
and London exchanges of NYSE Euronext.
