The analysts maintained their projections of 25-basis-point increases each in December and February, which would bring their terminal interest rate forecast to 4%-4.25%. The Nomura revision follows forecast revisions by Goldman Sachs Group Inc. earlier this week and matches both the size of those changes and the latest calls.
2 top stock recommendations from Rahul Sharma
JM Financial Services’ Rahul Sharma maintains a positive outlook on Indian indices, citing recent breakouts in Nifty and Bank Nifty. Nifty is projected to reach