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New Delhi, Jan 27 - India's annual food inflation inched up to 15.57 percent for the week ended Jan 15, because of a sharp rise in fuel prices and with vegetables and other essential food items continuing to cost dear, as per official data released Thursday.

Food inflation for the previous week was 15.52 percent. The data released reflected the latest petrol price hike of Rs. 2.50 per litre. Fuel price rise has a cascading effect on inflation.

Mumbai, Jan 27 - Bollywood actress Katrina Kaif's chartered accountant has shot down rumours that she declared an unaccounted income of Rs. 6 crore when Income Tax (IT) sleuths raided her residence early this week.

"A search was conducted by the Income Tax department (on Monday) at the residence of my client Ms. Katrina Kaif. My client is disturbed by the speculative reports circulating in the media that she has disclosed unaccounted income running into crores (of rupees) and unaccounted lockers were found.

Technical analyst Rajesh Agarwal of Eastern Financiers Ltd maintained 'hold' rating on Chambal Fertilisers & Chemicals Limited stock with a target of Rs 83.

According to analyst, the investors can buy the stock above Rs 78 with a stop loss of Rs 74.

The stock of the company, on January 25, closed at Rs 76.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 104.80 and a low of Rs 54 on BSE.

Current EPS & P/E ratio stood at 7.27 and 10.44 respectively.

Wiping out early gains, the BSE benchmark Sensex declined more than 93 points during mid session today on account of funds selling, geared by a small increase in food inflation, amid alteration in key interest rates by the central banking institution (RBI).

At 1230 hrs, the 30-share benchmark index, BSE Sensex, which surged 117 points in the beginning, dropped 93.77 points to trade at 18,875.68 following reports that the food inflation remained up slightly to 15.57% for the week ended January 15 as against 15.52% during the last week.

Technical analyst Rajesh Agarwal of Eastern Financiers Ltd maintained 'hold' rating on Reliance Industries Limited (RIL) stock with targets of Rs 1250 and 1300.

According to analyst, the investors can hold the stock for 12 months to attain this said target.

Today, the stock of the company opened at Rs 966.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1187 and a low of Rs 915 on BSE.

Current EPS & P/E ratio stood at 59.70 and 16.11 respectively.