Market Quote : The domestic CPI inflation came in better than expected at 4.7% Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 15 MAy 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Domestic benchmark indices are marching ahead driven by favourable developments such as declining inflation levels, steady foreign inflows, and in anticipation of robust earnings growth on a QoQ basis next quarter, due to drop in global commodity prices. The domestic CPI inflation came in better than expected at 4.7%, and the WPI inflation decreased by 0.92%, reaffirming RBI’s decision to hold rate hikes.
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