Jan IIP at 0.1%, Feb CPI inflation falls to 8.10% As expected Last 3 days in market we saw the part of Index Management and it may be continued more for couple of days ,Expect more stock specific action rather than Index ,Our calls placing started from Monday in all segments , Jan IIP at 0.1%, Feb CPI inflation falls to 8.10% - Details given bellow Spot Nifty Support levels - 6492,6469,6446 Spot Nifty Resistance Level - 6526,6540,6572 Spot Bank Nifty Support levels -11992,11884,11751 Spot Bank Nifty Resistance levels - 12160 12202 ,12231,12310. USDINR Support level - 60.80,60.30 USDINR Resistance level - 61.17,61.28 Jan IIP at 0.1%, Feb CPI inflation falls to 8.10% - Details given bellow Manufacturing sector, which comprises 80 percent of the total IIP, declined 0.7 percent versus a contraction of 1.6 percent on a monthly basis. Consumer durables data, which gives a better picture of the demand scenario in the economy, saw de-growth of 8.3 percent against a decline of 16.2 percent (MoM). Growth in the capital goods segment also fell 4.2 percent virus a fall of 3 percent seen last month. Consumer goods growth declined 0.6 percent versus de-growth of 5.3 percent (MoM). Eleven out of twenty two industry groups in the manufacturing sector witnessed positive growth in January as compared to the corresponding month of the previous year. The mining sector grew 0.7 percent versus 0.4 percent (MoM). The electricity sector saw a rise of 6.5 percent compared to 7.5 percent in the previous month. Consumer non-durables grew 4.4 percent versus 1.6 percent (MoM). Intermediate goods segment grew for two months in row to 3.4 percent. The December IIP has been revised to -0.2 percent from -0.6 percent (provisional). Meanwhile, the consumer price index (CPI) for February, which is a precursor to the RBI policy on April 1, slowed to 8.10 percent from 8.79 percent in January. CPI in February hit is lowest level since January 2012. CPI had touched a two-year low last month. February CPI food inflation eased to 8.57 percent versus 9.9 percent on a month-on-month basis (MoM). February CPI urban inflation fell to 7.55 percent versus 8.09 percent (MoM). Rural inflation stood at 8.51 percent against 9.43 percent on a monthly basis. The combined fuel and light inflation stood at 6.13 percent and clothing, footwear bedding inflation came in at 9.22 percent. The core CPI, which refers to services like medical care, education, recreation, transport and household requisites, grew in February. The core CPI doesnt change as much as food and fuel prices and the Reserve Bank of India (RBI) tends to look at it this data to check whether genuinely the price level in the system has come down. CUSTOMER CARE SUPPORT (02164)-241073, 09503709911, 09373820572, 09373820573, 09373820575, 07756846636 Fallow us by clicking bellow options Facebook twitter Linkdin youtube wwwnpstockscom.blogspot.in/2014/03/jan-iip-at-01-feb-cpi-inflation-falls.html
Posted on: Thu, 13 Mar 2014 10:11:51 +0000
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