Positive setup was seen in stocks like Berger Paint, Hindustan Copper, Indus Tower, MCX, Ambuja Cement, Persistent, Indian Hotel, United Spirits, Persistent, Concor, Siemens, TVS Motor etc. among others.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction