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Benchmarks likely to make cautious start amid mixed macro-economic data
India, June 13 -- Indian markets snapped three-day winning streak and settled in red territory on Wednesday dragged by losses in banking and auto stocks amid US-China trade tensions. Today, the start is likely to be cautious amid mixed macro-economic data coupled with weakness in global markets. As per the government data, retail inflation spiked to a seven-month high of 3.05 percent in May, though remaining within RBI's comfort level, as kitchen items like vegetables, meat and fish turned dearer. On the other hand, India's industrial output grew to a six-month high of 3.4 percent in April mainly on account of improvement in mining and power generation. There will be some cautiousness with a private report that deal making through the priva...
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