Domestic markets saw a steady rise in August, with the Sensex gaining nearly 1%. Smallcap stocks outperformed, with 197 of them offering double-digit returns, and some even rising over 50%. Analysts maintain a positive outlook due to domestic inflows and potential Fed rate cuts in the September meeting.
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