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Indian stock market Intraday outlooks

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1 Indian stock market Intraday outlooks on Fri Jul 12, 2013 2:19 am

The S&P BSE Sensex pared some of the early gains and was hovering near 19,800 levels and the CNX NSE Nifty cross 6000.0 levels which is last 3 month high. According to analysts, the market is concerned whether the Reserve Bank of India will cut interest rates to promote growth.

The recent comments from the Governor Subbarao on inflation and weak rupee suggest that the central bank may not cut rate this month.
Today the June IIP and CPI data will be release, according to market acceptation June IIP may be near to 1.4 per cent while CPI may near to 9.3 per cent.

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