Indian benchmark indices saw a handsome rally with S&P BSE Sensex up by 3.8% and the CNX Nifty growing by 3.5%. The month was a stable month and the markets saw rally on the back of positive global cues and continued buying from foreign investors. During the month some of the key data points came out which showed that Indian economy is still in doldrums despite the rally seen in equity markets. During the month inflation data for September got released. India’s September CPI inflation rose to 3.99% compared to 3.28% in August. While WPI inflation data for September fell to 39-month low of 0.33% compared to 1.08% in August. The low inflation data though comforting for RBI to maintain its policy easing stance, it shows that there is a slowdown in the economy in the demand side, which can also be corroborated from the weak IIP data which got released during the month. India’s IIP growth contracted 1.1% in August compared to an increase of 4.3% in July.
In this issue:
- Movers & Shakers
- Market Outlook
- Stock Recommendation
- Auto Sector October Sales
- Mutual Fund
- Key Financial Events – November
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