{"id":12867,"date":"2021-08-13T03:02:00","date_gmt":"2021-08-13T03:02:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/13\/sensex-nifty-seen-up-as-macro-data-brings-cheer\/"},"modified":"2021-08-13T03:02:00","modified_gmt":"2021-08-13T03:02:00","slug":"sensex-nifty-seen-up-as-macro-data-brings-cheer","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/13\/sensex-nifty-seen-up-as-macro-data-brings-cheer\/","title":{"rendered":"Sensex, Nifty Seen Up As Macro Data Brings Cheer"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to open a tad higher as investors react to positive inflation and industrial output data released post-market hours Thursday. <\/p>\n<p>India&#8217;s consumer price inflation slowed more than expected in July mainly due to softening food prices, preliminary data from the statistics ministry showed. <\/p>\n<p>The consumer price index rose 5.59 percent year-on-year following a 6.26 percent increase in June. Economists had forecast 5.78 percent inflation.<\/p>\n<p>Industrial production logged a double-digit growth in June due the low base of comparison, separate data showed. <\/p>\n<p>Industrial production grew 13.6 percent on a yearly basis in June, but much slower than the revised 28.6 percent expansion posted in May. Economists had forecast an annual increase of 13.5 percent.<\/p>\n<p>Benchmark indexes Sensex and the Nifty rose about half a percent each on Thursday to reach fresh record highs amid the expiration of weekly derivative contracts. The rupee bounced back by 18 paise to close at 74.26 against the greenback. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded mixed this morning as China expanded its regulation tightening exercise to the real estate sectors and the latest COVID-19 outbreak in the country forced the partial shutdown of Ningbo-Zhoushan port.<\/p>\n<p>The dollar held firm near a four-month high while benchmark U.S. Treasury 10-year yields hit a one-month high after a lukewarm 30-year auction. <\/p>\n<p>Oil extended losses for a second day after the IEA warned that demand growth for crude and its products had slowed sharply.<\/p>\n<p>U.S. stocks ended a lackluster session higher overnight as signs of an uptick in wholesale prices and a drop in jobless claims suggested the <span class=\"landLinks\">economy<\/span> is well and truly on the recovery track.<\/p>\n<p>The Dow edged up marginally and the S&amp;P 500 gained 0.3 percent to scale new record highs, while the tech-heavy Nasdaq Composite index rose 0.4 percent. <\/p>\n<p>European stocks eked out a ninth straight record high on Thursday amid continued optimism about earnings and economic recovery. <\/p>\n<p>The pan European Stoxx 600 edged up 0.1 percent. The German DAX climbed 0.7 percent and France&#8217;s CAC 40 index added 0.4 percent while the U.K.&#8217;s FTSE 100 slipped 0.4 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Seen Up As Macro Data Brings Cheer<\/a><br \/>\n<br \/>2021-08-13 03:02:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to open a tad higher as investors react to positive inflation and industrial output data released post-market hours Thursday. India&#8217;s consumer price inflation slowed more than&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-12867","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=12867"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12868"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}