{"id":43742,"date":"2024-02-13T10:32:41","date_gmt":"2024-02-13T10:32:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/02\/13\/sensex-nifty-rise-on-upbeat-inflation-industrial-output-data\/"},"modified":"2024-02-13T10:32:41","modified_gmt":"2024-02-13T10:32:41","slug":"sensex-nifty-rise-on-upbeat-inflation-industrial-output-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/02\/13\/sensex-nifty-rise-on-upbeat-inflation-industrial-output-data\/","title":{"rendered":"Sensex, Nifty Rise On Upbeat Inflation, Industrial Output Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rose notably on Tuesday as positive macro data offset mixed cues from global <span class=\"landLinks\">markets<\/span>. <\/p>\n<p>Sentiment was underpinned after data showed India&#8217;s retail inflation softened to a three-month low of 5.1 percent in January on moderating food price growth.<\/p>\n<p>Separate data revealed that India&#8217;s industrial output rose at a faster-than-expected pace of 3.8 percent year-on-year in December after easing sharply in the previous month.<\/p>\n<p>Global cues were mixed, while the dollar and bond yields were unchanged as investors awaited U.S. CPI data due later in the day, expected to show a further slowing of price pressures. <\/p>\n<p>The Labour Department&#8217;s CPI report may show a further slowing of price pressures, with the annual increase in inflation expected to fall below 3 percent for the first time since 2021.<\/p>\n<p>The benchmark S&amp;P BSE Sensex ended the session up 482.70 points, or 0.68 percent, at 71,555.19 while the broader NSE Nifty index settled 127.20 points, or 0.59 percent, higher at 21,743.25.<\/p>\n<p>Banks and financials saw broad-based gains, with HDFC Life, Axis Bank and ICICI Bank all rising over 2 percent.<\/p>\n<p>Coal India jumped 4.7 percent after reporting a 17 percent increase in Q3 consolidated net profit.<\/p>\n<p>Hindalco slumped 12.5 percent after its subsidiary Novelis revised upward its Bay Minette project capex by 65 percent and also suggested a one-year delay.<\/p>\n<p>Grasim followed suit with a 3.7 percent loss while Divis Laboratories, UltraTech Cement and BPCL all fell around 1 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 Rise On Upbeat Inflation, Industrial Output Data<\/a><br \/>\n<br \/>2024-02-13 10:32:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rose notably on Tuesday as positive macro data offset mixed cues from global markets. Sentiment was underpinned after data showed India&#8217;s retail inflation softened to a three-month low&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43743,"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-43742","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43742","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=43742"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43743"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}