Markets on a high, inflation trends a worry

Corporate results have met expectations; CPI, IIP are at low levels means economy is in doldrums

Another week, another new high for Indian markets. This is part of a global trend, with most of the world’s large markets trading at or close to their record levels. The Q1 corporate results have, so far, been up to expectations. This week features an important central bank monetary policy meeting and possibly, political news which could move the markets. 

The US Federal Reserve has made four successive rate hikes and also discussed launching a “reverse QE” where it starts to sell off some of the bonds acquired during that long period of quantitative easing. However, inflation in the US is