INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Wednesday's session on a lower note, ahead of the release of macroeconomic data
points from the previous close
lower at 39,778.00 while the Nifty was down 45.85 points - or 0.38 per cent - at 11,919.75.Top percentage losers on the 50-scrip benchmark
index at the time were Indiabulls Housing Finance, Yes Bank, Bharti Infratel, Kotak Bank, Bajaj Auto, HCL Tech and Tata Consultancy Services
(TCS), trading between 1.10 per cent and 5.27 per cent lower.HDFC, TCS, HDFC Bank and Infosys weighed the most on Sensex.The government is
Wednesday as the White House took a tough line on trade talks with China, while a looming reading on US inflation could shuffle the odds for
an early cut in interest rates there.Data on Chinese inflation showed the annual pace picked up to a 15-month high of 2.7 per cent, but only
because surging pork prices pushed up the cost of food
Excluding food, inflation rose only 1.6 per cent and suggested there was plenty of scope for more stimulus.Market moves were modest, with
MSCI's broadest index of Asia-Pacific shares outside Japan off 0.38 per cent after two days of gains.Japan's Nikkei dithered either side
of flat, while Shanghai blue chips eased 0.5 per cent following a 3 per cent jump the day before
gains to a third session in a row.(With inputs from Reuters)
