India’s stock market has overtaken France and regained its position as the world’s fifth-largest stock market, with a market capitalisation of $3.3tn. This came about thanks to the recovery of Adani Group stocks after a major upheaval earlier this year, combined with international funds fleeing the sluggish Chinese investments market and scouting growth opportunities in India. The S&P BSE Sensex Index is now nearing record highs after a 9% bounce back following a brief dip into correction territory in March.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,