Indian benchmark indices extended early gains and hit fresh intranet high in morning trade taking cues from their Asian counterparts. The BSE Sensex surged over 300 points in early trade and the Nifty reclaimed the 10,300-level on fresh capital inflows by foreign funds. Trading sentiment in the Indian stock market this week will be guided by key macroeconomic data like Index of Industrial Production (IIP for January) and February CPI due for release last day. October-December current account deficit will be released Tuesday, followed by February WPI data which will be released on Wednesday. Consumer prices in India increased 5.07% YoY in January 2018, below 5.21% in December 2017. IIP rose by 7.1% YoY in December 2017, following an upwardly revised 8.8% gain in the previous month.
Indian benchmark indices