BSE Sensex指数周三微跌至74030点，投资者仍担心唐纳德·特朗普关税政策的影响和美国经济可能放缓。对增长敏感的IT股在收到经纪公司的多次降级后，连续第四个交易日延续跌势。印孚瑟斯股价下跌4.3%，此前国内经纪公司Motilal Oswal将其评级下调至“中性”，而全球经纪公司摩根士丹利将其评级从“超重”下调至“同等重量”，并降低了目标价。与此同时，盘后公布的数据显示，印度2月份的消费者价格通胀率降至3.61%，低于4%的预测，这是自去年7月以来价格涨幅最慢的一次，也是六个月来首次低于印度储备银行4%的目标中点。在其他地方，交易员等待当天晚些时候公布的美国通胀数据，这可能会影响美联储的下一步行动。

The BSE Sensex closed marginally down at 74,030 on Wednesday, as investors remained concerned about the impact of Donald Trump's tariff policies and possible slowdown in the US economy. Growth-sensitive IT stocks extended their losing streak for the fourth consecutive trading session after receiving multiple downgrades from brokerage firms. Infosys dropped 4.3% after domestic brokerage firm Motilal Oswal downgraded its rating to 'Neutral,' while global brokerage Morgan Stanley cut its rating to 'Equal Weight' from 'Overweight' and reduced its target price. Meanwhile, data released after market hours showed India’s consumer price inflation eased to 3.61% in February, below the 4% forecast, marking the slowest rise in prices since July of the previous year and the first time in six months that inflation fell below the Reserve Bank of India’s 4% target midpoint. Elsewhere, traders awaited US inflation data due later in the day, which could influence the Fed's next actions.

查看印度2月份零售通胀同比降至3.61%。周三公布的政府数据显示，印度2月份零售通胀率从1月份修订后的4.26%降至3.61%。

VIEW India's February retail inflation eases to 3.61% y/y.India's retail inflation eased to 3.61% in February from a revised 4.26% in January, government data released on Wednesday showed.

2025年1月，印度工业生产同比增长5.0%，此前12月修订后增长了3.5%，超过了市场预期的3.5%，这是由于几个行业的产量增加，包括焦炭和精炼石油产品（8.5%对12月的3.9%）、其他非金属矿产品（10.2%对3.3%）和纺织品（3.3%对1.4%）。此外，食品（0.6%对-5.0%）和机动车、拖车和半拖车（1.8%对-1.9%）的产量反弹。

India's industrial production grew by 5.0% year-on-year in January 2025, following a revised 3.5% expansion in December and exceeding market expectations of 3.5%, driven by stronger output in several sectors, including coke and refined petroleum products (8.5% vs 3.9% in December), other non-metallic mineral products (10.2% vs 3.3%) and textiles (3.3% vs 1.4%). Additionally, production rebounded in food products (0.6% vs -5.0%) and motor vehicles, trailers and semi-trailers (1.8% vs -1.9%).

印度的年通货膨胀率在2025年2月降至3.62%，低于上个月修订后的4.26%，大大低于市场对4%下降的预期。这标志着自去年7月以来消费者价格涨幅最慢，也是六个月来通货膨胀率首次低于印度储备银行4%的中点目标。这一下降与印度储备银行决定启动该国的降息周期并为国有银行实施一系列流动性提振措施相一致。在鸡蛋、香料、蔬菜和豆类的通缩压力下，占印度价格篮子近一半的食品通胀大幅下降（3.75%对1月份的5.97%）。此外，燃料和照明价格下跌（-1.33%），住房价格保持疲软（2.91%），尽管杂项商品的通货膨胀率更高（4.78%）。价格较上月下跌0.47%，延续了1月份修正后的1%跌幅，这是连续第四个通货紧缩期。

India’s annual inflation rate dropped to 3.62% in February 2025, down from a revised 4.26% in the previous month, significantly undershooting market expectations of a 4% decline. This marked the slowest rise in consumer prices since July of the previous year and the first time in six months that inflation fell below the Reserve Bank of India’s 4% mid-point target. The decline aligns with the RBI’s decision to initiate the country’s rate-cutting cycle and implement a series of liquidity-boosting measures for state banks. Inflation fell sharply for food (3.75% vs 5.97% in January), which accounts for nearly half of the Indian price basket, amid deflationary pressure for eggs, spices, vegetables, and pulses. Also, prices fell for fuel and light (-1.33%) and remained soft for housing (2.91%), although inflation was more elevated for miscellaneous goods (4.78%). Prices fell by 0.47% from the previous month, extending the revised 1% drop in January, the 4th consecutive period of deflation.