Nifty gained 1.6% weakly, but saw notable block deals totaling Rs 43,068 crore across large, mid, and smallcap stocks. Significant transactions included HDFC Bank at Rs 19,131 crore, Interglobe Aviation at Rs 12,033 crore, and others between Rs 240 crore and Rs 121 crore.
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