On Wednesday Asian stocks fell, 12 March 2014, on concerns that China's economy may be faltering. Indian stock-index futures fell before the government releases data on consumer-price inflation and industrial production today, and after the funds of foriegn sold the most local shares in eight months.SGX CNX Nifty Index futures for March delivery dropped 0.4 percent to 6,528 at 10:29 a.m. in Singapore. The underlying CNX Nifty Index lost 0.4 percent to 6,511.90 yesterday, retreating from a record. The S&P BSE Sensex (SENSEX) slid 0.5 percent, the first loss in six days. The Bank of New York Mellon India ADR Index of U.S.-traded shares declined 0.9 percent.
Consumer prices probably rose at the slowest pace since January 2012 last month, according to a Bloomberg survey, a sign central bank Governor pledge to prioritize the fight against Asia’s fastest retail inflation may be taking effect. Industrial output may have shrunk for a fourth consecutive month, a separate survey forecast. SGX CNX Nifty Index futures for March delivery increased 0.1... The underlying CNX Nifty Index rose 0.1 percent to 6,516.90 yesterday. The CNX Nifty was down 14.50 points or 0.22% to 6,497.40. The index hit a low of 6,487.30 in intraday trade, its lowest level since 7 March 2014. The index hit a high of 6,516.90 in intraday trade.
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