MARKET EYE-Indian shares fall; IIP data disappoints
* The BSE index falls 0.02 percent and the 50-share NSE index is down 0.1 percent. * Shares on the back foot after industrial output in December contracted 0.6 percent, the government said on Tuesday, compared with expectations of growth of 1.1 percent. * The data also showed consumer price inflation accelerated to 10.79 percent in January from the previous month. * ICICI Bank is down 0.6 percent, while State Bank of India falls 0.5 percent after the CPI data. * Larsen & Toubro Ltd is down 0.4 percent after IIP numbers while Jindal Steel & Power Ltd falls 1.4 percent ahead of its October-December earnings later in the day. * Shares in India's state-run Oil and Natural Gas Corp Ltd rose 2 percent a day after its October-December net profit beat market expectations. (firstname.lastname@example.org/ email@example.com)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit. Full Article