MARKET LIVE: Positive start likely for Sensex, Nifty; Asian stocks gain


India’s retail inflation cooled off to a three-month low of 6.77 per cent in October from 7.41 per cent in September as food prices declined substantially.

Wholesale inflation also edged lower to 8.39 per cent for the month, which was a 19-month low.

Fusion Micro Finance will make its market debut today. The issue price is fixed at Rs 368 per share. As per IPO Watch, the company may see muted with up to a 2 per cent premium over issue price.

In a choppy overnight session, the Dow fell 0.6 per cent. The S&P 500 and the Nasdaq closed 0.89 per cent and 1 per cent lower, respectively.

In Asia this morning, Hang Seng gained nearly 2 per cent. Nikkei was flat, Strait times was up 0.5 per cent, while Kospi was down 0.25 per cent.


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