Indian markets fell on Friday after retail inflation rose to 6.09%, above the RBI’s tolerance limit, but analysts said the broader technical outlook remains positive. They cited support around 24,850–24,900 and recommended buying on dips if key levels hold.
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Sensex fell 318.56 points to 81,592.45 and Nifty 50 dropped 155.05 points to 25,144.30 on Friday, ending a three-session rally as October retail inflation rose to 6.09%. Analyst Chandan Taparia recommended MCX, BSE and Bharti Airtel, while identifying key index support and resistance levels.
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Raising borrowing costs too far risks laying waste to whatever growth there is in the economy A head of steam is building up behind the Bank of England raising interest rates again. With the latest forecasts by the central bank showing inflation rising to 5% next spring, another increase in the cost of borrowing seems inevitable, and may come as soon as next…
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‘We have further to go,’ says Huw Pill after increase to 4% this month as Bank seeks to tackle rising inflation The Bank of England will probably need to raise interest rates next month and again in early 2027 to combat rising inflation, its chief economist has said. Signalling a sharp rise in mortgage payments for an estimated 2.3 million homeowners who wil…
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Rising food prices are putting pressure on household budgets, with onion inflation at 116% and garlic at 61% in October. All five southern states recorded retail inflation above the national average of 6.09%, adding to the cost of everyday expenses.
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India's consumption growth is projected to be robust, driven by a young population and digital adoption. Despite this, rural income pressures and food inflation could pose challenges for near-term demand. Premium products are expected to outperform mass-market categories as consumer preferences evolve. The impact of Super El Nino may exacerbate rural demand…
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