Domestic Markets Go Through Highs And Lows

Metal stocks rose on optimism that the reopening of the Chinese economy may result in a revival in metal industry pricing and demand.

The start of the fortnight saw a turnaround in Indian benchmark indices, which had been severely dragged down in previous sessions due to global interest rate hikes and the deteriorating corona virus situation. With the release of optimistic economic data, the beginning of the new year was also favourable for the domestic markets. Thanks to reduced food prices, retail inflation for industrial workers declined from 6.08 per cent in October to 5.41 per cent in November. According to the commerce ministry, growth in India’s eight core sectors accelerated to 5.4 per cent in November from 3.2 per cent in the same month last fiscal.