The key domestic benchmarks may open higher today tracking a mostly positive trend in fellow Asian markets even as concerns over global growth remain. China’s Shanghai Composite and Hang Seng were trading higher after yesterday’s positive trade data which showed a faster than expected rise in exports in the month of September 2014 raising hopes that China is on track to meet its 7.5 per cent economic growth target for 2014. However, Japan’s Nikkei 225 tumbled after markets reopened after a holiday today as a stronger yen dimmed the appeal of exporter stocks. Back home, investors may react positively to the CPI inflation data which showed that consumer inflation eased more than expected last month, raising hopes of policy easing by the RBI at some point in time. Consumer prices in India climbed by 6.46 per cent in September 2014 from the same month a year ago, the lowest level since 2012, government data showed on Monday. Analysts were expecting consumer inflation to stand at 7.2 per cent in September 2014. Further, August’s 2014 consumer inflation figure was downwardly revised to 7.73 per cent from an earlier forecast of 7.8 per cent. Investors will be eying the WPI data for September to be released today. The stock of RIL will be in focus after it reported a 1.7 per cent rise in net profit at Rs 5,972 crore in Q2 FY 2014015.
