Sensex above 61,500 Nifty up 250 pts; IT shines; Eicher lags
The latest indication that inflation pressures may be receding was the moderation of price increases in the US last month. Inflation among consumers reached 7.7% in October. The figures reduced hopes for more ferocious Federal Reserve rate increases. According to the monthly Refinitiv-Ipsos Primary Consumer Sentiment Index, consumer confidence among urban Indians decreased in November as a result of growing prices and living expenses (PCSI). Three out of the four indices used to calculate the monthly PCSI, which consists of four weighted subindices, showed a decline.The sub-index measuring current personal financial conditions in PCSI fell by 3.3 percentage points, while the sub-index measuring current investment climate fell by 2.9 percentage points. The PCSI economic expectations sub-index is down 0.8 percentage points while the PCSI employment confidence sub-index increased by 0.2 percentage points. According to the company’s announcement on Friday, Pricol Ltd. reported a combined profit of Rs. 47.52 crore for the quarter ending in September 2022. In the same quarter of…









