India’s Safe Haven Appeal Gets Boost With Inflation Dropping to Six-Year Low
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(Bloomberg) — Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. India’s safe haven appeal got a further boost with retail inflation dropping to a six-year low, forecast of plentiful rainfall, and significant buying by foreign funds yesterday. Yet, Nifty futures indicate a cautious start ahead of key earnings reports from Wipro and Angel One, amid a broader regional market decline.