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India’s Inflation at Post-Financial Crisis Lows: Nomura

National accounts reveal inflation rates across the sectors in India are close to post-global financial crisis lows, says Japanese brokerage firm Nomura.

The brokerage also maintained a positive stance on India markets and financial stocks.

It said with disinflation trends running deep, the market will further recalibrate its rate expectations lower.

Nomura also said the BSE Sensex is trading at 7 per cent premium to its five-year average which is not expensive.

The 30-shares index was trading at 14.1 times of one-year forward earnings, Reuters data showed. Nomura’s maintained its August-end 2015 Sensex target at 30,310.

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