Core inflation is up to 4.2% indicating a prolonged pause in the interest rate cut by the RBI. Being much above the target, this will also impact rate-sensitive stocks in the short-term.
The market has been volatile this week. It started with a positive view but ended flattish for the Nifty, while the mid-caps and small-caps closed negatively. The two factors which impacted the mood of the market were the novel coronavirus (COVID-19) and continued high domestic inflation.
The COVID-19 fatality rate had stabilised over the past week with a drop in the number of fresh cases, but a ...
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