Nifty is currently placed at the hurdle of 23,400-23,500 levels, This is weighing high for the market to sustain the new all-time highs which creates a possibility of dip in the market. Immediate support is at 23,050.
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