The ongoing corporate results and the easing of retail inflation to an 18-month low of 4.7% in April are supporting the market sentiments. The latest inflation print is nearing the lower limit of RBI’s 4-6% target, raising hopes that the central bank will continue to keep the key interest rate unchanged. At 12:25 am, the Sensex was up by 0.62% at 62,415 while the Nifty50 was up by 0.59% at 18,422. But from the market perspective the news is good since the RBI can be expected to ‘extend the pause’ in the June policy meet. Crude oil prices also cooled, with Brent crude hovering at $73.7 per barrel.The US’ debt ceiling fueled concerns amongst investors, with global equity markets heading lower.

Source: Economic Times May 15, 2023 06:59 UTC