Banks in the Limelight

As a result of optimistic economic data, the Indian headline indices BSE Sensex and Nifty 50 surged 1 per cent over the course of a fortnight. Broader indices lagged behind the main indices, ending the fortnight about 0.5 per cent higher. The wholesale price-based inflation figure fell below a double-digit mark for the first time in 19 months and is the lowest since March 2021. According to data issued by the Ministry of Commerce and Industry, wholesale inflation declined to 8.39 per cent in October from 10.70 per cent in September, driven by a decline in commodity prices.