- विज्ञापन -
Mumbai: This week, the market may see some stability as there will be more clarity about the central government after the swearing in of Narendra Modi. The National Democratic Alliance (NDA) led by the Bharatiya Janata Party has formed the government.
Last week, the market was quite volatile due to uncertainty regarding the government. The Sensex rose 2,507 points to close at 76,468 after the BJP was predicted to get a huge majority (more than 300 seats) in the exit polls.
However, the Sensex closed at 72,079 with a fall of 4389 points (5.74%) on the day of the election results as the BJP lost seats. The next day, the Sensex closed with a gain of 2,303 points on June 5, 692 points on June 6 and 1,618 points on June 7.
May inflation data may be released on June 12. Economists expect it to fall to 4.80% from 4.83% in April. In April, the decline in inflation was driven by a decline in fuel and light prices.
However, food inflation remains on the upward trend. Food inflation rose to 8.78% from 8.52% in April. Rural inflation dropped to 5.43% from 5.45% and urban inflation dropped to 4.11% from 4.14%.
On the other hand, the Wholesale Inflation Rate (WPI) will also be released on June 14. It is expected to accelerate to 4% in May from 1.26% in April. The main reason for this may be fuel inflation, which is expected to increase from 1.38% in April to 7% in May.
