Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM
Food prices declined to 8.63% last month from 13.54% in October, according to government data
The US Fed interest rate decision, inflation data and FIIs are the key factors that are expected to drive stock markets this week, analysts said. Also, global trends will also be tracked by investors for further cues, they added. "The Indian stock market's future trajectory will be influenced by a blend of global and domestic factors. Global trends, particularly the performance of US markets and the Fed's monetary policy decision, will play a significant role. Additionally, domestic economic indicators like inflation, will shape the market sentiment," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. The flow of foreign and domestic institutional investments will also be a key driver, he said. Gour further said the rupee's exchange rate and crude oil prices will be critical determinants of market direction. From the domestic macroeconomic data announcement, WPI inflation will be in focus on Monday. "The key focus will be on the US Federal Reserve meeting, wh
At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
The latest WPI data comes days after Consumer Price Index data showed retail inflation hit a 14-month high of 6.2 per cent, also spurred by a rise in food prices
Wholesale price inflation rose to a 4-month high of 2.36 per cent in October as prices of food items, especially vegetables, and manufactured goods turned dearer, as per the government data released on Thursday. The wholesale price index (WPI) based inflation was 1.84 per cent in September 2024. It was (-) 0.26 per cent in October, last year. As per the data, inflation in food items shot up to 13.54 per cent in October, as against 11.53 per cent in September. This was led by 63.04 per cent inflation in vegetables, as against 48.73 per cent in September. Inflation in potato and onion remained high at 78.73 per cent and 39.25 per cent, respectively, in October. Fuel and power category witnessed deflation of 5.79 per cent in October, against a deflation of 4.05 per cent in September. In manufactured items, inflation was 1.50 per cent in October, as against 1 per cent in the previous month. The month of October witnessed the second consecutive month of rise in WPI inflation print. WPI
In the previous session, both Sensex and Nifty extended their losing streak, each closing over 1 per cent lower. The BSE Sensex ended at 77,690.95, while the Nifty settled at 23,559.05
At 6:33 AM, GIFT Nifty Futures were trading 30 points higher at 25,251, suggesting a higher start for Indian markets.
Food price inflation surged to 11.53 per cent during the month compared to 3.11 per cent in August, data released by the Ministry of Commerce and Industry on Monday showed
Food price comes in at 3.11%, compared to 3.45% in July, according to government data
On the other hand, the prices of potatoes (76.23 per cent) and fruits (15.62 per cent) accelerated during the month
The inflation in food prices stood at 10.87 per cent during the month, the data released by the Ministry of Commerce and Industry on Monday showed
May 2024 WPI: Prices of crude petroleum & natural gas, food articles, and manufacturing witnessed a surge in May 2024 compared to April 2024
Data released by govt on Tuesday showed that uptick in factory gate inflation during April was driven primarily by the spike in the prices of food articles and fuel, among other things
April 2024 WPI: Prices of crude petroleum & natural gas and food articles witnessed a surge in April 2024 compared to March 2024, while prices of non-food articles and minerals saw a decline
This would come after the price hikes allowed (in line with the change in WPI) in the previous two years were 12.12 per cent (2023) and 10.7 per cent (2022) respectively
Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%
The wholesale price index (WPI)-based inflation eased in January to 0.2 per cent from 0.27 per cent in the preceding month. The WPI inflation was in the negative zone from April to October and had turned positive in November at 0.26 per cent. "The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 0.20 per cent (provisional) for the month of February, 2024 (over February, 2023)," the commerce and industry ministry said in a statement on Wednesday. Food inflation moved up marginally to 6.95 per cent in February from 6.85 per cent in January, data showed. Inflation in vegetables was 19.78 per cent, up from 19.71 in January. The WPI inflation in pulses was at 18.48 per cent in February compared to 16.06 in January.
WPI inflation January: The highest fall in inflation was witnessed in manufactured products followed by fuel & power