Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December.
The inflation data--both for retail and wholesale--set to be released this week will be on investors' radar for fresh cues. Retail inflation data will be released later in the day today.
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October.
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo
Retail inflation in India continued to ease through October, supported by a relative decline in some of the sub-indexes. The October consumer price index (CPI) came at a four-month low of 4.87 per cent against 5.02 per cent the previous month, official data showed.
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the sixth straight month through September, official data showed on Monday.
In his post on X, Kharge also alleged that Prime Minister Narendra Modi wants to divert the real issues of the country while rambling about other things.
Indian stock indices were largely steady Thursday morning, largely due to a lack of fresh cues. Sensex and Nifty were just 0.05-0.1 per cent higher at the time of filing this report.
Some of the parties have planned to move an adjournment motion over Manipur violence among other issues on day one of the Parliament's Monsoon Session on Thursday.
The consistent inflow of foreign portfolio funds, firm economic outlook, firm global markets, and a relative moderation in inflation contributed to the latest bull run in Indian stocks.
SBI Research, in its latest 'Ecowrap' report, noted that a continued vigil on the evolving inflation outlook is warranted given the erratic progress of monsoon and its impact on Kharif crop sowing, and subsequently on overall food inflation.