 "Consumer goods, inflation, economy")
Last week, the market indices put up a strong one-day rally, supposedly in reaction to the BJP’s victories in four Assembly elections. While huge relief rallies are natural in bear markets (the indices zigzag their way down), this one was a surprise. After all, the markets have not been declining because of the BJP’s diminishing dominance. Stock indices were tumbling because of much larger global issues —a series of supply shocks over several months that have led to higher inflation, possible interest rate hikes, and finally the Russian invasion of Ukraine. In the face of such an overwhelming global tide,
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