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Macro Intelligence Dashboard
Structural macro intelligence derived from economic, liquidity, inflation and market indicators.
Growth
Manufacturing PMI
54.5
▲ Improving
Power Demand
255.1 GW
▲ Improving
Passenger Vehicle Sales
4.2 L
▲ Improving
Commercial Vehicle Sales
1.0 L
▲ Improving
Auto Sales
26.5 L
▲ Improving
Two & Three Wheeler Sales
20.4 L
▲ Improving
Government Capex
Rs. 2.97 L Cr
▲ Improving
Inflation
CPI Inflation
3.93%
▲ Improving
Crude Oil
USD 84.4/bbl
Hot Rolled Coil Prices
Rs. 1,165/tonne
Cement Prices
Rs. 356/bag
▲ Improving
Liquidity
Repo Rate
5.25%
▲ Improving
Foreign Institutional Flows
Rs. -2,557 Cr
▲ Improving
Risk & Market Sentiment
USD / INR
Rs. 95.09
INDIA_VIX
14.98
GLOBAL_VIX
17.50
▲ Improving
Gold Prices
Rs. 4,251/gm
▲ Improving
Silver Prices
Rs. 67/gm
▲ Improving
Current Macro Environment
Current Macro Regime
Strong Risk-On
The Indian equity market is positioned for continued strength, driven by solid growth indicators and supportive liquidity, despite some inflationary pressures.
Executive Summary
The current macro environment in India reflects robust growth conditions, bolstered by improving manufacturing PMI, strong auto sales, and significant government capex. While inflation remains a concern, with rising crude oil and hot rolled coil prices, CPI inflation is stabilizing. Liquidity conditions are favorable, supported by strong foreign institutional flows and a declining repo rate. Risk sentiment is mixed, with silver and gold prices showing positive trends, though the USD/INR exchange rate is deteriorating, indicating potential currency pressures.
✓ Key Positive Drivers
- Strong government capex and improving auto sales
- Robust foreign institutional flows
- Improving manufacturing PMI and silver prices
⚠ Key Risks
- Deteriorating USD/INR exchange rate
- Rising crude oil and hot rolled coil prices