Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Macroeconomics

<ul><li>CPI inflation came in at 6.95% in March'22, significantly above our estimate of 6.50% and Bloomberg consensus estimate of 6.40%. It was also up from 6.1% in Feb'22.</li><li>The upside surprise mainly came from Food &amp; Beverage inflation, which stood at 7.5% against our estimate of 6.5%, and up from 5.9% in Feb’22.</li><li>The rise in food inflation was led by Meat &amp; Fish, which rose by 5% MoM, and Oils &amp; Fats, which rose by 5.30% MoM against our expectation of a 3.6% MoM increase.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

CPI inflation came in at 6.95% in March'22, significantly above our estimate of 6.50% and Bloomberg consensus estimate of 6.40%. It was also up from 6.1% in Feb'22.The upside surprise mainly came from Food &amp; Beverage inflation, which stood at 7.5% against our estimate of 6.5%, and up from 5.9% in Feb’22.The rise in food inflation was led by Meat &amp; Fish, which rose by 5% MoM, and Oils &amp; Fats, which rose by 5.30% MoM against our expectation of a 3.6% MoM increase.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mar CPI/Feb IIP- Economy Update- CPI at 6.95% May Spur RBI Tightening Even as Growth Concerns Linger