The markets will react to macroeconomic data released last Friday with changes in new base-year series for Wholesale Price Index inflation and IIP. Photo: MintMumbai: The markets are expected to extend the rally on optimism, while March quarter results of few major companies and macroeconomic data released on Friday are likely to be closely watched this week. “The markets are currently trading at fair valuations and hence sustainability of earnings going forward is very important at current levels. The markets will also react to macroeconomic data released last Friday with changes in new base-year series for Wholesale Price Index (WPI) inflation and IIP. CPI (Consumer Price Index) inflation slipped to a record low of 2.99% in April compared to 3.89% in March led largely by favourable base effect and slower pace in core inflation.

Source: Mint May 15, 2017 03:22 UTC