CPI-based inflation has now stayed below the Reserve Bank of India's medium-term target of 4% for the third consecutive month
In the previous trading session, Sensex jumped 2,975.43 points, or 3.7 per cent, to close at 82,429.90 levels. The Nifty50 closed at 24,924.7, up by 916.7 points, or 3.8 per cent.
Forecasts for the inflation data, set to be released on May 12 at 1030 GMT, ranged from 2.8 per cent to 4.0 per cent
Vegetarian and non-vegetarian thalis became cheaper in April due to lower prices of onion, potato and broiler, although oil and LPG costs curtailed a deeper drop
SBI Research expects a 125 bps rate cut in FY26 as inflation falls to multi-year lows, with liquidity measures like OMOs and pressure on deposit rates likely to follow
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
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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