Food inflation in India has persisted at 8% year-on-year since November 2023. A severe heatwave has further reduced supplies of pulses, vegetables, and cereals, prompting minimal impact from export curbs and import tariff reductions. Experts suggest that a robust monsoon by early July could alleviate concerns over the delayed cultivation of kharif crops.
Bearish move or buying opportunity? Geojit’s Anand James on Nifty levels and top stocks to watch
Market volatility surged following a late-Friday sell-off, with MSCI rebalancing and global cues cited as triggers. Geojit Financial Services’ Anand James identifies key Nifty support