2025年4月，印度批发价格同比上涨0.85%，低于3月份的2.05%，也低于市场预期的1.76%的涨幅。这标志着自2024年3月以来最疲软的步伐，主要是由于食品价格大幅放缓，食品价格涨幅为18个月来最小（2.55%对3月份的4.66%），蔬菜价格暴跌18.26%。制造业通胀也降至2.62%的三个月低点（对3.07%），反映出纸张和纸制品（2.10%对2.39%）以及药品、医药化学品和植物产品（0.98%对1.26%）的价格增长放缓，同时基本金属价格下降（-0.64%对0.29%）。此外，燃料和电力价格下跌（-2.18%对0.20%），受液化石油气（-0.41%）、汽油（-7.70%）和HSD（-5.04%）价格下跌的拖累。与此同时，主要文章下降了1.44%（对0.76%）。4月份批发价格环比下跌0.19%，这是继3月份上调0.26%后连续第六个月下跌。

India’s wholesale prices rose by 0.85% yoy in April 2025, down from a 2.05% increase in March and below market expectations of a 1.76% rise. This marked the softest pace since March 2024, largely driven by a significant slowdown in food prices, which saw their smallest increase in 18 months (2.55% vs 4.66% in March), with vegetable prices plunging 18.26%. Manufacturing inflation also eased to a three-month low of 2.62% (vs 3.07%), reflecting softer increases in the prices of paper and paper products (2.10% vs 2.39%) and pharmaceuticals, medicinal chemicals, and botanical products (0.98% vs 1.26%), along with a decline in basic metals (-0.64% vs 0.29%). Additionally, fuel and power prices fell (-2.18% vs 0.20%), weighed down by lower prices for LPG (-0.41%), petrol (-7.70%), and HSD (-5.04%). Meanwhile, primary articles fell by 1.44% (vs 0.76%). Monthly, wholesale prices shrank by 0.19% in April, marking the sixth straight monthly drop, following an upwardly revised 0.26% fall in March.

4月份印度WPI通胀低于预测（1.76%）：实际（0.85%）。4月份印度WPI通胀低于预测（1.76%）：实际（0.85%）

India WPI Inflation below forecasts (1.76%) in April: Actual (0.85%).India WPI Inflation below forecasts (1.76%) in April: Actual (0.85%)

印度股市周三早盘上涨465.6点，涨幅0.6%，至81639点，在前一交易日出现一个多月来最大跌幅后反弹。美国和国内4月份的通胀数据均低于预期，支撑了经济复苏。印度4月份的通胀率降至3.16%，为2019年7月以来的最低水平，这增加了潜在降息的希望。BSE Sensex指数隔夜追随华尔街涨势，贸易紧张局势缓解和通胀数据降温提振了投资者情绪。几乎所有行业都在绿色交易，以科技行业为首，Infosys、Coforge和tech Mahindra的涨幅均超过1%。中小型股也上涨，涨幅约为0.3%。与此同时，Nifty 50指数上涨0.7%，至24700点以上，表现最佳的包括塔塔钢铁（上涨4.3%）、JSW钢铁（1.5%）和马恒达（1.0%）。Bharti Airtel在公布第四季度净利润大幅增长后，股价飙升2.5%。

India's equities climbed by 465.6 points, or 0.6%, to 81,639 in early trade on Wednesday, rebounding after posting the steepest decline in over a month in the previous session. The recovery was supported by softer-than-expected inflation data for April, both in the US and domestically. India’s inflation eased to 3.16% in April, the lowest since July 2019, raising hopes of potential interest rate cuts. The BSE Sensex tracked gains on Wall Street overnight, as easing trade tensions and cooler inflation data lifted investor sentiment. Almost all sectors traded in the green, led by the tech sector, with Infosys, Coforge, and Tech Mahindra each rising over 1%. Small- and mid-cap stocks also posted gains, advancing around 0.3%. Meanwhile, the Nifty 50 climbed 0.7% to above 24,700, with top performers including Tata Steel (up 4.3%), JSW Steel (1.5%), and Mahindra & Mahindra (1.0%). Bharti Airtel surged 2.5% after reporting a jump in net profit for Q4.

BSE Sensex指数周二延续早盘跌幅，收于81148点，跌幅约1.6%，创下一个多月来最大单日跌幅，主要原因是前一交易日强劲上涨后出现获利回吐。在最近与美国达成贸易协议后，对外国资本转移到中国的担忧进一步抑制了市场情绪。地缘政治紧张局势也给市场带来了压力，投资者密切关注印度和巴基斯坦之间脆弱的停火。在数据方面，印度和美国的通胀数据备受关注。科技股和权重金融股领跌，分别下跌2.4%和1.1%。相比之下，制药股上涨了1%以上，因为特朗普总统关于药品定价的行政命令被认为没有最初担心的那么严厉。

The BSE Sensex extended early losses to close about 1.6% down at 81,148 on Tuesday, marking its steepest daily decline in over a month, primarily due to profit-taking after strong gains in the previous session. Sentiment was further dampened by concerns over foreign capital shifting to China following its recent trade agreement with the U.S. Geopolitical tensions also weighed on the market, with investors closely watching the fragile ceasefire between India and Pakistan. On the data front, inflation figures from both India and the U.S. were in focus. Tech stocks and heavyweight financials led the losses, falling 2.4% and 1.1% respectively. In contrast, pharmaceutical stocks gained over 1%, as President Trump’s executive order on drug pricing was seen as less severe than initially feared.