India's Apr. wholesale inflation slows to 13-month low
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India's benchmark indexes may open higher on Wednesday, after logging their biggest daily losses in a month in the last session, lifted by milder-than-expected U.S. and domestic inflation numbers for April.
The benchmark stock indices rebounded on Wednesday, with the Sensex jumping over 500 points and the Nifty reclaiming the 24,700-mark, led by easing inflation data in India and the United States. Easing global tensions and strong cues from overseas markets also boosted the sentiments.
Besides, under the Price Stabilisation Fund, a dynamic buffer stock of pulses is maintained and calibrated release of stocks from the buffer is done to ensure the availability and affordability of pulses to consumers.
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ABP News on MSNIndia-Pakistan Tensions To Dominate Market Sentiment, Investors To Lookout For Q4 Earnings, InflationThe Indian equity markets are expected to navigate a volatile landscape in the week ahead, driven by a convergence of macroeconomic releases, quarterly corporate results, and geopolitical developments.
Since FIIs are likely to be the prime movers of the market going forward, their favorite largecap stocks are likely to lead the rally. The record SIP inflows in April at ₹26632 crores also can lend support to the rally.
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian benchmark indexes were subdued on Thursday, as investors weighed geopolitical tensions with Pakistan, persistent concerns over inflation and unemployment risks in the United States.
In India, 24-carat gold prices rose ₹60 per gram to ₹9,960 on Thursday, tracking gains in global markets. The price of 10 grams stood at ₹99,600, up ₹600 from the previous day.