India's stocks drop a fourth day as food inflation accelerates
Indian stocks dropped for a fourth day after food inflation accelerated to a three-week high, adding pressure on the central bank to raise interest rates.
``It`sa no-brainer that Indian stocks too would fall in sync with the global trend. However, the fall may not be too severe and sentiment could change for the better provided there is no further bad news from the external front. Key indices might also benefit if inflation for April turns out to be lower than anticipated. Consensus is for a drop to 9.5% from 9.9% in March, `` it added.