Macro Cues

Inflation and IIP growth a positive; Trade deficit widens It was a week of key macro data announcements. The week saw key data points being announced on inflation (both retail and wholesale), IIP growth and the trade data. There are some interesting signals coming from data. What’s the inflation message? CPI inflation has come under…

Union Budget

Why are the equity markets so thoroughly impressed? On the day the Union Budget was announced, the Nifty touched a low of 6850. Interestingly, in the next 4 days, the Nifty bounced back nearly 650 points to close within kissing distance of the 7500 mark. This post-budget market rally is, perhaps, the best rally that…