Metals Take The Lead

The initial sessions of the first week of the fortnight were a roller-coaster ride for Indian domestic indices as they experienced a rally due to the strength in technology stocks globally and then an immediate decline to the same level due to, once again, the technology stocks. Following the release of optimistic economic data, the indices then surged in the following week. India’s key retail inflation rate declined for the third consecutive month in December, coming in at 5.72 per cent. According to the Reserve Bank of India, it is inappropriate to review the present inflation target of 4 per cent with a 2 per cent tolerance in the current situation.