On the macro front back home, industrial production continued to record strong growth for second straight month at 7.1% in December 2017 over December 2016, while the growth figure for November 2017 has revised upwards to 8.8% from 8.4% reported earlier. The manufacturing sector's production surged 8.4% in December 2017, supporting overall growth in industrial production. The mining output growth also improved 1.2% in December 2017, while the electricity generation moved up 4.4% in December 2017, contributing to the improvement in overall industrial production growth in December 2017.
The all-India general inflation based on consumer price index (CPI) eased to 5.07% in January 2018 compared with 5.21% in December 2017. The corresponding provisional inflation rate for rural area was 5.21% and urban area 4.93% in January 2018 as against 5.27% and 5.09% in December 2017. The core CPI inflation was flat at 5 % in January 2018 compared with 4.98% in December 2017. The cumulative CPI inflation was lower at 3.43% in April-January FY2018 compared with 4.68% in April-January FY2017. Inflation and IIP data were announced after market hours on Monday, 12 February 2018.
Among corporate earnings of prominent companies, Godrej Industries, Grasim Industries, Jet Airways (India), Nestle India, Sun Pharmaceutical Industries and Tata Power Company will announce October-December 2017 earnings today, 14 February 2018.
GAIL (India)'s net profit rose 28.4% to Rs 1262.22 crore on 18.8% growth in net sales to Rs 14414.34 crore in Q3 December 2017 over Q3 December 2016. The results were announced after market hours on Monday, 12 February 2018.
GAIL (India)'s board recommended the issuance of one bonus share of Rs 10 each for existing three shares held, subject to the shareholders approval.
Trading for the week started on a buoyant note as key indices settled with noteworthy gains on Monday, 12 February 2018, as firmness in global stocks perked up sentiment. The Sensex rose 294.71 points or 0.87% to settle at 34,300.47, its highest closing level since 8 February 2018.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 814.11 crore on Monday, 12 February 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1342.70 crore on Monday, 12 February 2018, as per provisional data.
The Indian stock market remained shut yesterday, 13 February 2018, on account of Mahashivratri.
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