CLSA has come up with a report "Bits & pieces" dated 24th Feb 23.
Target practice:- All targeting terrible aim.
The Fed, ECB, BOJ, RBA etc hve been targeting ths Magical 2% inflation rate for some yrs now. Why 2%?
U can blame d Kiwis 4 tht becus thy started it in early 1990s
2014 to 2015, two consequtive El Nino years:
Food inflation (CPI) in FY15: 6.5%; FY16: 5.1%.
There are many other factors which impact food prices in additoin to rainfall activity. Even El Nino's impact on rainfall is uneven. Too early to make any assessment on inflation.
Even as the global turmoil continues in financial markets, the macro factors are turning better for India. Current account deficit looks below 2.5% Fy 23, and going below 2% in Fy 24. Lower oil helps. If we walk our talk and navigate well, India can stand out in this turbulence.
The most POWERFUL chart:
Nifty v/s Cum. Market breadth indicators.
A MAJOR Bullish divergence being formed in the CMB reading v/s Nifty price.
This is a MAJOR Observation on the #Nifty
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