Looking at the near-term structure, if we sustain below to 25,000 level, yes, possibly we could see furthermore supply pressure in the continuation of this down move.
The CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from retailers and
Nomura projects stable government borrowing for the second half of fiscal year 2026. The borrowing calendar is expected soon after discussions with the Reserve Bank
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