Domestic stock markets edged higher during the week after the RBI lowered inflation forecast for year ending 31 March 2019 amid higher growth projection as part of its monetary policy review. In the week ended Friday, the Sensex and Nifty both jumped 2% to settle at 33,627 and 10332 levels respectively. On the macro front, data released by government indicated the output of eight core infrastructure sector, increased 5.3% in February 2018 over February 2017. Its cumulative output moved up 4.3% in April to February 2017-18. The Reserve Bank of India maintained status quo in its first bimonthly monetary policy meeting. The RBI lowered its inflation projection H1:2018-19 to 4.7-5.1% and 4.4% in H2, including the HRA impact for central government employees, with risks tilted to the upside. On the global front, US trade deficit rose 1.6% in February and remained near a 10-year high. The US trade deficit rose to $57.6 billion in February from $56.7 billion in the prior month.