Nagaraj Shetti of HDFC Securities noted that the market has reached an overhead resistance at around 23,300-23,400 levels, suggesting a potential minor dip in the short term, which could present a buying opportunity. He identified immediate support at the 22,900 level.
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
December 9, 2025