The Indian stock market began the shortened trading week on a high note on Tuesday, April 15, 2025. Benchmark indices climbed over 2% during intraday trading, giving a strong start to the week. But even with the rally, investors are treading carefully. That is because two important updates are expected today: the Consumer Price Index (CPI) and the Wholesale Price Index (WPI) inflation data.
The Ministry of Statistics and Programme Implementation (MoSPI) had initially scheduled the release of CPI and WPI inflation figures for April 14, 2025. However, the data announcement was pushed to April 15, 2025, due to the public holiday marking Dr BR Ambedkar's birth anniversary.
The CPI will provide insight into retail inflation, a key metric for assessing the cost of living across urban and rural India. On the other hand, the WPI data will shed light on wholesale price movements, offering a glimpse into production-level cost pressures. Analysts note that these indicators could significantly influence the Reserve Bank of India's future stance on interest rates.
Bajaj Broking Research emphasised the relevance of WPI in understanding supply-side inflation, which, in turn, may prompt policy adjustments from the central bank.
Along with inflation, export performance figures have also come into focus. As per the previous estimates of February 2025, India's total exports, which include both merchandise and services, reached USD 750.53 billion between April 2023 to February 2024. This marks a 6.24% increase over USD 706.43 billion recorded during the same period last year.
Merchandise exports were almost flat, coming in at USD 395.63 billion compared to USD 395.38 billion in the previous year. However, non-petroleum exports showed stronger growth, rising 6.43% to USD 337.01 billion from USD 316.64 billion last year.
Several key sectors stood out for their performance:
Indian equity markets responded positively to global cues on Tuesday, April 15, 2025. At 12:20 PM, the BSE SENSEX gained 1,659 points to reach 76,816, while the NIFTY50 climbed 504 points to touch 23,332. The rally was fuelled by easing global concerns and improving investor confidence, although the ongoing US-China trade tensions continue to pose a potential risk.
Market experts underlined the impact of international trade developments and domestic macroeconomic signals.
India VIX, the volatility index, declined by over 6%, indicating reduced market uncertainty. Despite the bullish run, analysts suggest maintaining caution due to the short trading week and technical resistance levels. Futures and Options (F&O) data show strong resistance around 23,200 and firm support near 22,500 on the NIFTY50.
With the WPI and CPI inflation reports expected to offer clarity on India's economic direction, today's data could be pivotal for both policy outlook and market momentum. Investors are advised to monitor intraday dips for strategic buying opportunities, especially in domestic-focused sectors such as pharma, retail, and power.
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