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Wholesale price inflation dropped to 0.85 per cent in April as prices of food articles, manufactured products, and fuel eased, government data showed on Wednesday.

WPI-based inflation was 2.05 per cent in March. It was 1.19 per cent in April last year. ” Positive rate of inflation in April, 2025 is primarily due to an increase in prices of manufacture of food products, other manufacturing, chemicals and chemical products, manufacture of other transport equipment and manufacture of machinery and equipment, etc,” the industry ministry said in a statement.

As per the WPI (Wholesale price index ) data, food articles saw a deflation of 0.86 per cent in April from an inflation of 1.57 per cent in March, with vegetables seeing a sharp drop. Deflation in vegetables was 18.26 per cent during April compared to deflation of 15.88 per cent in March. In onion, inflation eased to 0.20 per cent in April, as against 26.65 per cent in March.

Manufactured products, however, saw inflation at 2.62 per cent in April, compared to 3.07 per cent in March.

Fuel and power too saw a deflation of 2.18 per cent in April, compared to 0.20 per cent in March.

The RBI mainly takes into account retail inflation while formulating monetary policy. Data released on Tuesday showed, retail inflation eased to 3.16 per cent in April mainly due subdued prices of vegetables, fruits, pulses, and other protein-rich items. This is the lowest level of inflation since July 2019.

Easing of inflation would create enough room for the Reserve Bank to go in for another round of rate cut in the June monetary policy review.

In April, the RBI cut the benchmark policy rate by 0.25 per cent to 6 per cent. This is the second cut during the year to stimulate the economy, facing the threat of US reciprocal tariffs. The RBI sees retail inflation averaging 4 per cent in the current fiscal from the previous estimate of 4.2 per cent.

Sensex jumped past 1,000 points today after trading flat till noon. Nifty too soared by rising over 1.5 per cent and breached 25,000 for the first time since October 17 in 2024. 

Sensex was up 1,260.14 points at 1:55 pm while Nifty was up 396.55 points at 25,063.45.

Sensex and Nifty declined in early trade in the morning, dragged down by blue-chip bank stocks and weak trends in Asian markets.

The 30-share BSE benchmark gauge Sensex declined 106.78 points to 81,223.78 in early trade. The NSE Nifty dipped 38.45 points to 24,628.45.

Later, the BSE benchmark traded 247.22 points lower at 81,082.80, and the Nifty quoted 67.15 points down at 24,599.75.

From the Sensex firms, Power Grid, IndusInd Bank, Axis Bank, Sun Pharma, Infosys, Mahindra & Mahindra, Kotak Mahindra Bank and HDFC Bank were the major laggards

Tata Motors, Adani Ports, Tata Steel, Tech Mahindra and UltraTech Cement were the gainers.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading lower.

US markets ended on a mixed note on Wednesday.

Global oil benchmark Brent crude dropped 2.10 per cent to USD 64.70 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 931.80 crore on Wednesday, according to exchange data.

On Wednesday, the BSE Sensex climbed 182.34 points or 0.22 per cent to settle at 81,330.56. The Nifty rose by 88.55 points or 0.36 per cent to 24,666.90. 

The domestic benchmark indices opened lower on Friday amid mixed global cues as selling was seen in the IT, financial services and pharma sectors in the early trade.

At around 9.29 am, Sensex was trading 231.64 points or 0.28 per cent down at 82,299.10, while the Nifty declined 49,95 point or 0.20 per cent at 25,012.15.

Nifty Bank was down 52.40 points or 0.09 per cent at 55,303.20. The Nifty Midcap 100 index was trading at 56,700.05 after rising 169.20 points or 0.30 per cent. Nifty Smallcap 100 index was at 17,318.40 after climbing 78.45 points or 0.46 per cent.

According to analysts, on the technical front, Nifty formed a strong bullish candle on the daily chart, breaking out of an inside bar pattern and closing above the crucial 25,000 level.

“The index witnessed an intraday recovery of nearly 200 points, reflecting sustained bullish momentum. Immediate support is placed at 24,850-24,700, while resistance is seen at 25,100 and 25,235. A decisive breakout above the 25,235 level could drive the index higher toward the 25,500-25,743 zone,” said Hardik Matalia from Choice Broking.

Traders are advised to adopt a “buy on dips” strategy with strict risk management and avoid taking large overnight positions due to ongoing global uncertainties, he added.

Meanwhile, in the Sensex pack, Bharti Airtel, IndusInd Bank, SBI, Infosys, HCL Tech and M&M were the top losers. Whereas, UltraTech Cement, Bajaj Finserv, NTPC, Maruti Suzuki and Axis Bank were the top gainers.

In the Asian markets, China, Hong Kong and Japan were trading in red, whereas, Bangkok, Jakarta and Seoul were trading in green.

In the last trading session, Dow Jones in the US closed at 42,322.75, up 271.69 points, or 0.65 per cent. The S&P 500 ended with a gain of 24.35 points, or 0.41 per cent, at 5,916.93 and the Nasdaq closed at 19,112.32, down 34.49 points, or 0.18 per cent.

The April economic data presents an interesting mix of signals about the US economy. The Producer Price Index (PPI) showed a surprising decrease of 0.5 per cent, which was significantly different from economists’ expectations of a 0.2 per cent increase. This unexpected drop in producer prices suggests that inflationary pressures might be easing at the wholesale level, said experts.

“Federal Reserve Chair Jerome Powell on Thursday discussed the Fed’s framework review, a twice-a-decade look at the central bank’s monetary-policy strategy. He said the Fed was in the process of making adjustments to account for meaningful changes in the outlook for inflation and interest rates after the 2020 pandemic,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

On the institutional front, foreign institutional investors (FIIs) were net buyers of equities worth Rs 5,392.94 crore on May 15, while domestic institutional investors (DIIs) sold equities worth Rs 1,668.47 crore.

For decades, India has been importing this critical naval capability from global markets, increasing our dependency on foreign suppliers.

Adani Defence & Aerospace has signed a binding collaboration agreement with Sparton (DeLeon Springs LLC), a group company of Elbit Systems and a leading provider of advanced Anti-submarine warfare systems. According to a statement from the Adani Group company on Sunday, this partnership marks a significant step toward localising the assembly of complex electronic systems and advanced Anti-Submarine Warfare (ASW) solutions for the Indian and global markets.

With this, Adani Defence & Aerospace has become the first private sector company in India to offer indigenised sonobuoy solutions.

The partnership will combine Sparton’s pioneering ASW technology with Adani Defence’s established expertise in development, manufacturing, and sustenance for the Indian Navy.

Sonobuoys are mission-critical platforms for enhancing Undersea Domain Awareness (UDA), providing an effective means to detect, locate, and track submarines and other underwater threats. Playing a key role in anti-submarine warfare (ASW) and other naval operations, they support in maintaining naval security and in protecting naval carrier strike groups.

For decades, India has been importing this critical naval capability from global markets, increasing our dependency on foreign original equipment manufacturers (OEMs)

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