Wholesale index, a measure of inflation, declined, for year ending two weeks ago. The annualized inflation, measured every week on a rolling 52-week period declined from 4.1% at the end of previous week. Prime Minister, ahead of election, remarked that controlling inflation should not be done at the expense of growth. India expects to grow at 9% and keep inflation below 5%. Indiabulls sold a stake in its real estate company to Farralon Capital and Laxmi Mittal.
Reliance Capital rose 4.3% to 2,080.95 rupees. Reliance Capital Asset Management Company today said it has attracted 5,660 crore rupees in its new fund offer Reliance Natural Resources Fund.
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