Here I covered a news, few days back on inflation when the inflation was 7.57% and expected it to rise further till 8%. And that seems to be coming true now. The latest inflation figures released on Saturday for the week ending Apr 26th stands at 7.61%.But this time around it was on the expected lines of 7.60%. The inflation has been rising continuously since many weeks due to increase in the prices of many commodities.

The figures stood at 6.01% in the corresponding  week last year.So theres a significant rise in the inflation figures. The govt has already taken some measures like banning the future trading in some commodities like soya oil, channa, rubber and potatoes. The steel sector was asked to cut prices and it followed and now on line is the cement sector.

Reacting to this piece of news the Indian stock markets shed about 344 points or 2.01% and nifty lost 99 points.The whole of the last week has been pretty bad for the share markets. The rupee is also falling against the dollar and crude oil prices touched the $124/barrel mark already. This has created some sort of panic the world over and US markets were also down. Both sensex and nifty lost close to 5% each the last week.

The coming week is going to be very crucial and would be interesting to watch out for. Its advised to trade with caution and keep a look at the latest incoming news and trend in US and Asian markets.

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