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Market Ahead Podcast, July 13: Top factors that could guide markets today

Tracking the bullish sentiment in global peers, market bulls are likely to make a strong comeback on Dalal Street, early trends suggest. However, a sequential dip in industrial production in May and high June retail inflation could cap gains. India s industrial output grew 29.3 per cent in May on a low base, although the figure dipped 8 per cent sequentially. At the same time, retail inflation at 6.26 per cent remained above RBI s band for the second month in a row while it eased from 6.3 per cent in May. That apart, stock-specific activity is likely to remain high amid Q1 earnings season. At 7 am, Nifty futures on SGX traded 112 points higher at 15,800.

Top Headlines: LIC IPO gets cabinet nod; liquidity in banking system rises

The Cabinet Committee for Economic Affairs has approved part divestment of the government stake in Life Insurance Corporation of India (LIC) through an initial public offering. Liquidity in the banking system has increased by at least Rs 1 trillion since the last week of June as the government has stepped up spending, and the Reserve Bank of India has started winding down its outstanding position in the currency forward segment. Business Standard brings to you top headlines on Tuesday. LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel The Cabinet Committee for Economic Affairs has approved part divestment of the government stake in Life Insurance Corporation of India (LIC) through an initial public offering. The size of the IPO and the extent of the government’s stake dilution in the country’s largest insurer would be taken up by the Alternative Mechanism comprising Finance Minister Nirmala Sitharaman and Minister of Road, Transport and Highways Nitin Gadkar

CCEA clears disinvestment of LIC; panel headed by finance minister to decide quantum of stake sale

CCEA clears disinvestment of LIC; panel headed by finance minister to decide quantum of stake sale
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