The last time such an event occurred was back in 2010 when between 2010 and 2013, India had two back-to-back years of 'above-normal' rains, followed by 'normal' rains
March food inflation fell to 2.69% in March from 3.75% in February -- the lowest level since November 2021
Mahindra & Mahindra, TVS Motor Company, Bajaj Auto and Maruti Suzuki India from the auto pack are trading higher by up to 1 per cent in a weak market
Inflation outlook for India improves on sharp decline in food prices and record wheat and pulse production
In the previous session, the Sensex ended 72.56 points, or 0.10 per cent lower, at 74,029.76, while Nifty 50 settled 27.40, or 0.12 per cent lower, at 22,470.50
In the previous session, the Sensex ended 0.02 per cent, or 12.85 points, lower at 74,102.32, while the Nifty50 gained 0.16 per cent, or 37.60 points, to 22,497.90
Stock Market Highlights: Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled with losses of 0.26 per cent each
Stock Markets Today, Wednesday, Feb 12: Global index provider MSCI has announced changes under its February 2025 review. Meanwhile, Ajax Engineering IPO will close & Hexaware Tech IPO will open today
In previous trading session, the Sensex plunged 1,048.90 points, or 1.36 per cent, to close at 76,330.01. Similarly, the Nifty50 dropped 345.55 points, or 1.47 per cent, ending the day at 23,085.95
At 6:32 AM, GIFT Nifty futures indicate a gap-down opening for the markets, trading 160 points lower at 23,341
Food prices, which make up nearly half of the country's consumer price index (CPI) basket, have kept inflation elevated in recent months, largely driven by a sustained surge in vegetable prices
India's GDP is forecasted to grow at 6.5% in FY25 and FY26, but weak private consumption, rising household debt, and sluggish government spending pose challenges
At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start
As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start
Saurabh Garg further added that the ministry is also looking for ways to tap alternative data sources, like night lights data and e-commerce prices, for its surveys
The govt is exploring a reduction in food's weight in the Consumer Price Index to reflect changing consumption patterns and manage inflation, as food prices remain volatile and seasonally driven
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
Both Sensex and Nifty closed over 1 per cent lower on Tuesday, November 12, with the Sensex ending at 78,675.18 and the Nifty closing at 23,883.45 levels
Stock Market Today: Bears took the reins on the D-Street as 21 out of 30 constituent stocks of BSE Sensex ended in red, dragged by Bajaj Finance, Reliance Industries, and Tata Steel
At 6:33 AM, GIFT Nifty Futures were trading 30 points higher at 25,251, suggesting a higher start for Indian markets.