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India's retail inflation fell to a three-month low of 5.10% in January, as prices of some food items rose at a slower pace, data showed on Monday.Industrial output rose at a faster-than-expected pace of 3.8% year-on-year in December, led by manufacturing, signalling strength in macroeconomic fundamentals.
M&M Q3 Result Preview: Revenue is likely to increase 16.5% YoY to Rs 25,216 crore, led by strong growth in volumes in the automotive segment, which will offset the weakness in the tractor segment.
Investors are also waiting to see if the moderation in core inflation and focus on fiscal prudence in the interim budget would enable policymakers to signal a turn in the rate cycle.
Among the Sensex stocks, Axis Bank, SBI, Asian Paints, Titan, and M&M were the top gainers, rising 1-2%. Power Grid, Infosys, Wipro, HCL Tech, and Tech Mahindra opened lower.
Mahindra and Mahindra (M&M) announced a leadership reshuffle, appointing Amarjyoti Barua as the Group Chief Financial Officer of M&Ms Finance Organisation. This move follows the resignation of Manoj Bhat, who is set to become MD & CEO of Mahindra Holidays Resorts India.