Grocery prices for staples like tomatoes, onions, and potatoes are declining due to a high base effect from last year’s production issues. While edible oils have seen a spike, their impact on the overall food plate is limited. Consumers can expect subdued food inflation in the coming months, though rising energy costs and monsoon uncertainties pose potential risks.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj