Guwahati: The Indian equities market extended its winning run, rising 300 points in the early trading session on Thursday, with the pharmaceutical and oil and gas sectors leading the charge.

At 10 Am. The 30-share Bombay Stock Exchange (BSE) Sensex was up 333.88 points at 53,848.03, while the Nifty was up 97.40 points at 16,064.05.

The market's breadth was impressive. Approximately 1655 shares have increased, 1025 shares have decreased, and 119 shares have remained unchanged.
The pharmaceutical and oil and gas industries spearheaded the victorious surge. In the first hour of the trading day on Dalal Street, both indexes were up 1%.

Meanwhile, investment company Moody's Analytics stated in research that inflation in Asia-Pacific nations is projected to fall sooner as commodity prices fall.

According to Moody's Analytics, a confluence of circumstances such as harsh weather, the Covid-19 outbreak, and lockdowns in China, and Russia's invasion of Ukraine distorted the global supply chain and caused inflation.

According to Moody's Analytics, excessive inflation is concerning because rising prices erode buying power and increase input costs.

"In 2022, it also exacerbates uneasiness inside firms and consumers that have already had two tumultuous years," according to Moody's Analytics.

Many Asian central banks have price stability as one of their objectives and are rushing to reduce inflation from multi-year highs by tightening monetary policy.

According to Moody's Analytics, inflation in the area will fall reasonably fast when commodity prices fall, although country-specific variables may lead to varied inflation outcomes.