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In March, Indias headline retail inflation rate eased to a nine-month low of 4.85 percent, according to data released by the Ministry of Statistics and Programme Implementation on April 12.

The latest inflation data comes a week after the RBIs Monetary Policy Committee (MPC) on April 5 announced the decision to keep the policy repo rate unchanged at 6.5 percent for the seventh consecutive time

The eight core industries – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity – make up around 40 percent of the IIP

Sensex Today | Stock Market LIVE Updates: U.S. stocks ended sharply higher on Tuesday, with the S&P 500 registering a record high close as Oracle shares surged and consumer price data failed to dampen investors hopes of interest rate cuts in the coming months.

Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 27.50 points or 0.12 percent.

Headline retail inflation has now spent 53 consecutive months above the Reserve Bank of Indias medium-term target of 4 percent.

In January 2023, Indias industrial output had grown by 5.8 percent

At 5.09 percent, the Consumer Price Index (CPI) inflation print for February 2024 was slightly lower than last months data.

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Trends in the GIFT Nifty indicate a strong start for the broader index in India, with a gain of 203 points or 0.92 percent.