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Mint poll of 22 economists had estimated India's retail inflation to remain broadly unchanged at 4.87% in April. CPI inflation remained above the central bank’s target of 4% but has stayed within its tolerance range of 2-6% for the eighth consecutive month. Overall, food inflation was 8.70% in April, up from 8.52% in March, and 8.66% in February, due to a rise in the prices of cereals, meat and fish, and fruit.

GameStop jumped 50% on Monday after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from social media. Keith Gill, known as "Roaring Kitty" on YouTube and «DeepF***ingValue» on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days.

₹20,698 crore in Q4, which is not only its highest-ever figure but also the biggest quarterly profit by any Indian bank. SBI also pipped India’s most valuable company Reliance Industries, which had logged a net profit of ₹18,951 crore in the quarter. Another state-run lender which delighted investors was Punjab National Bank, whose net profit soared almost three-fold to ₹3,010 crore, propelled by a jump in interest income and declining sour loans.

Stock market crash: In May, FPI selling in the cash market has been relentless. FPIs have been sellers on every trading day and have sold equity for ₹24,975 crores. This has contributed to the underperformance of the Indian market.

HPR will help in policy making. The data will be dynamic and can be analyzed in many ways.

The real estate market in India is on fire. The penchant for bigger and better homes is not only increasing but is also breaching its own numbers. The country is witnessing a huge rise in housing demand, and realty firms are reporting record-breaking sales. Reports after reports are talking about this, and in the last two-three years an upward growth trajectory has been witnessed, which is getting steeper.

Luxury housing (units priced at Rs 4 cr and above) in India has recorded a 10% YoY sales growth during the first quarter of 2024, while a ~64% YoY increase was witnessed in the new launches of luxury homes during this period, according to a recent CBRE report.

Stock market today: Despite a general sell-off in early morning deals on Dalal Street, Polycab's share price managed to hold its ground, drawing significant attention from bullish investors. This is particularly noteworthy when considering the broader market trend. Opening at ₹6,269 per share on NSE and reaching an intraday high of ₹6,468.90, Polycab's share price not only climbed to a new intraday high but also a new lifetime high.

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3 key reasons why RBI will not cut rates this year: Elara Capital In its last policy meeting in April, RBI Governor Shaktikanta Das highlighted concerns over food price uncertainties even as he expressed optimism that a record rabi wheat production would help ease price pressure. Moreover, the prospects of a normal monsoon are expected to augur well for the kharif season. Brokerage firm Nirmal Bang expects CPI inflation to come in at 4.91 per cent in April 2024.

With India VIX jumping 43% in May, it is advised to market participants that they remain cautious in building fresh positions and it would be prudent to adopt a wait and watch policy, and focus on quality stocks with a longer-term perspective, and that also in an SIP mode, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. This analyst spells-out strategy in previous week’s major movers viz. Manappuram Finance, Canara Bank and Yes Bank and three more stocks. Here’s what he recommends: A hard week for markets with Nifty declining 2.6% WoW. Do you see this as an election led correction or there is more and what levels should one watch out this week and in the run-up to June 4 when the outcome unfolds? Aamar Deo Singh: Investors appear to be adopting a cautious approach ahead of the outcome of the general elections, and that is evident in the markets as a broad sell-off is visible across sectors.

demat accounts. Also Read: Upcoming IPOs: 6 new public issues and 12 new listings to keep primary market busy next week; check full list here Individuals who received shares will have their demat accounts credited on Tuesday, May 14. The refund procedure will begin on Tuesday, as soon as the allocation is finalised.

Lok Sabha Election 2024: Market erases nearly ₹10 lakh crore in a week; will the selloff continue after result? Hero MotoCorp has demonstrated a breakout above the medium-term falling channel pattern at ₹4,635 on the weekly chart, suggesting the continuation of an uptrend. During pattern formation, volume activity tends to decline, while at the breakout, there is an increase in activity, indicating an influx of market participation. The stock has established a support base at ₹4,160, holding above the 38 per cent Fibonacci retracement level of the rally from ₹2,900 to ₹4,949, indicating potential medium-term support.

Measuring India’s manufacturing sector remains a data challenge,’ Mint, 15 May 2023). Speaking to The Economist recently, India’s former chief statistician Pronab Sen argued that the old GDP series (2004-05 base year) may have captured real growth rates more accurately. Sen had earlier suggested that India’s recent GDP figures were likely to be overestimated because of how informal-sector growth was accounted for.

Federal Bank Ltd. traded 0.4 per cent down at Rs 159.2 on Monday at around 11:16AM (IST), while the benchmark BSE Sensex declined 503.53 points to 72160.94. As many as 173,173 shares changed hands on the counter with a total value of Rs 2.75 crore.

While BTC’s rise to $80K and $100K dominated price predictions earlier this year, investors are less optimistic now. Most of the broader market has slowed down, following in the footsteps of Bitcoin.

₹20,000 crore, the highest ever. This comes amid other data from the government showing that net household financial savings in 2022-23 shrank from the previous year, as borrowings jumped over 70% and physical assets grew 17%.

Read the full story here.)Sensex Today Live : Indian benchmark indices were expected to open on a muted to positive note, tracking subdued trading among Asian peers, which were weighed down by the weak economic data in China.At 8:06 am, Gift Nifty futures were trading at 22,107, marginally ahead of Nifty 50's Friday close of 22,055, reiterating the liklihood of a muted to positive opening for Indian marketsA rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing U.S. economic growth.European shares posted their biggest weekly gain since late January, with the pan-regional STOXX 600 index rising for a sixth straight session, while the FTSE 100 in London hit yet another record high.The Dow industrials index registered its eighth daily advance as the three major Wall Street indexes posted weekly gains but the Nasdaq closed marginally lower on the day.Strong performance on both sides of the Atlantic, along with gains overnight in Tokyo and elsewhere in Asia, pushed MSCI's all-country world index within 0.2% of a record closing high.U.S.

Sensex gained 260.30 points to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadow. “Technically, this pattern indicates temporary pause in the market after a sharp decline.