Both IIP as well as CPI Inflation came in good. IIP for September came in at 2.5%, which was much better than expected and CPI Inflation for October was at 5.52%, which is stated to be the lowest since Jan'12 and this is attributed to lower food and fuel prices. No, this does not mean that the back of inflation is broken. It's a cyclical/seasonal fall in prices.

Common sense says that when retail inflation or CPI is high, the price in the Wholesale market (WPI) has to also be high as that’s where good come from, isn’t it? But in economics, common sense does not always work. What we have observed most of the times is that they both move in completely opposite direction

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GTPL Hathway rose over 5% at Rs.138.80 in the early morning session and continues to remain firmly in the green.