Below the Quote on Equity markets from Dr Vikas Gupta, CEO and Chief Investment Strategist , OmniScience Capital
"The headline CPI figures, at 5.69%, defied consensus expectations by being significantly lower. Primarily driven by food price inflation at 9.53%, a closer examination reveals that CPI excluding food hovers around 3%. This suggests that, apart from food, retail inflation in India is notably subdued. Housing, representing 20% of the urban CPI, remains b...
Surprising Drop in CPI : Food-Driven Inflation Spurs Optimism for RBI Rate Cuts By Dr Vikas Gupta, OmniScience Capital