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Infy disappoints street

  • Infy disappoints street

    Infy disappoints street

  • IIP raises growth hopes

    A worker cuts steel bars inside a factory on the outskirts of the southern Indian city of Hyderabad

    IIP recovered in November, providing a glimmer of optimism for a battered economy and giving the RBI room to hold off on easing monetary policy after two years of tightening.

    Production at factories, mines and utilities grew 5.9% from a year earlier in November, its fastest since June, recovering from a contraction in the previous month.

  • Inflation remains -ive

    The shadow of a woman is cast on paddy crop as she packs them into sacks at a marketplace on the outskirts of Ahmedabad

    Food prices fell for the second consecutive week as food inflation remained in the negative zone at (-)2.9% for the week ended December 31, 2011.

    Food inflation, as measured by WPI, stood at (-)3.36% in the previous week. It was above 19% in the corresponding week of 2010.

  • Rupee boosts gold buying

    Gold jewellery is displayed at a jewellery shop in Kolkata

    A stronger rupee boosted gold purchases from India just before the wedding season resumes in India, the world's largest gold consumer, while physical flow into China was lukewarm ahead of the Lunar New Year holiday.

    The rupee held near a one-month high hit in the previous session, fuelling purchasing power of Indian bullion buyers who had moved to the sidelines as a weak rupee kept local prices at lofty levels.

  • China inflation at 15-mnth low

    A customer selects vegetables as a employee changes a price label at a supermarket in Wuhan

    China's inflation rate eased to a 15-month low in December, though sticky food prices are a reminder of the risks the government is weighing as it tilts policy towards boosting growth as internal and external demand for Chinese goods falters.

    Consumer price inflation of 4.1%, just ahead of market expectations of 4.0%, extended an easing trend of the last five months to reinforce the view of many that the central bank is poised to ease monetary policy.

  • Euro weighs on Asia

    A man looks at an electronic monitor displaying share prices outside a brokerage in Tokyo

    Japan's Nikkei average fell on Thursday in profit-taking ahead of a futures settlement, as market participants fretted over key debt auctions in Europe and a European Central Bank meeting this week.

    The Nikkei dropped 0.7% to 8,385.59, below its 25-day moving average near 8,483 but above the 61.8% retracement level of its rally from late November to early December, near 8,363.

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