Indian Market Last Week

The market movement was largely driven by the start of the result season coupled with the poor IIP numbers. While the Indian stocks performed weakly, a slew of results from some large cap companies will be the influencing factor for the forthcoming week.
ndia's Index of Industrial Production (IIP) for the month of February grew at 0.6% versus a growth of 2.4% in January. Manufacturing, which constitutes about 76% of industrial production, grew 2.2% from a year earlier. In the April-February period, industrial production expanded by 0.9%. January's provisional IIP growth was left unchanged.

Retail inflation declined to 10.39% in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91% in February. The inflation, however, continued to remain in the double digit terrain for the fourth consecutive month in March. Among all the constituents that make the CPI, cereals recorded the highest inflation of 17.55% in March. In urban areas, retail inflation declined to 10.38% in March from 10.84% in the previous month. The CPI for rural population fell to 10.33% during the month from 11.01% in February.