Retail price inflation in November came in at 5.55 percent, the highest in four months. It said a few more things. What is the first news that this rate is within the RBI's maximum target of 6 percent, yet commodity prices have not come down.
What was the stock market yesterday
If so, RBI This is the second news that repo rates will not start to be cut immediately, or even next year. As a result, our stock markets remained largely flat since yesterday morning. Stocks were heavily bought in the late evening and markets Ended in a trickle of profits.
Former RBI Governor Raghuram Rajan said that although our economy is growing at the fastest pace in the world, new jobs are not being created here, which will have a big impact on our country.
Meanwhile, our October industrial production index rose to a 16-month high, giving little cheer. Falling crude oil prices also cheered the market
After the corona pandemic, there has been a big change as tourism, hospitality, medical services etc. sectors have been hit hard, the Services Export Development Council has informed the traders that the service sector exports of our country will rise well this financial year.
Hopeful Bilateral talks are underway for a free trade agreement between India and Oman. A report released by an international business research organization said that the business of our products will become more special due to this
At the end of the trading session, autos, pharmaceuticals, capital goods and retail sectors rose well. Only IT stocks fell.