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“The initial inflationary pressure was delivered by successive supply shocks but as their impact waned, a revenge rebound in spending and especially a swing from goods to contact-intensive services is generalising price pressures and making them persistent,” RBI paper titled ‘Anatomy of Inflation’s Ascent in India’ released on Tuesday said.

​​ The balance of risks is increasingly tilted towards a darkening global outlook and emerging market economies (EMEs) appear to be more vulnerable, even though incoming data suggest that global inflation may have peaked, said the article titled ‘State of the Economy’ published in the RBI Bulletin – December 2022 Continue Reading

​​A year that saw volume growth drop sharply due to the inflation impact on rural consumption,and profitability bearing the brunt of spiralling commodity prices, most FMCG majorsweathered the storm and managed to report growth in sales and profits.

Stock-specific actions are likely to remain high in the fag-end of December and January and a handful stocks are on the verge of breakout on the technical charts.

India exported 4,07,193 tonnes of oilmeal in November 2022 as compared to 1,63,057 tonnes of exports in November 2021. The overall export of oilmeals during the six months from April to November is reported at 23,92,026 tonne as compared to 15,96,870 tonnes, up by 50%.

This is partly also because of the stretched valuations. Currently, India is the most expensive market within the emerging market pack. It is trading at close to 20 times its one-year forward earnings.

In the past, it has been observed that the Nifty rallies 20%, on average, after breaching its all-time high. Barring Nov 2010, all breaches have generated positive returns over the next 12 months,” said Amar Ambani, Head of Institutional Equities at YES Securities.

Elin Electronics IPO: The net proceeds from the fresh issue worth Rs 88 crore will be used to repay debt while Rs 37.59 crore of money raised will be used for capital expenditure to upgrade and expand existing facilities at Ghaziabad in Uttar Pradesh and Verna in Goa.

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