Since JP Morgan announced the inclusion of Indian sovereign bonds in its global debt indices, foreign investors have injected ₹1.5 lakh crore into the local market. The Federal Reserve’s recent rate cut may further boost these inflows, enhancing interest in Indian assets due to favorable economic fundamentals and a wider rate differential.
Short-term market weakness likely; defensive sectors poised to outperform: Rohit Srivastava
Rohit Srivastava suggests the recent market rally from early April might be ending, entering a corrective phase influenced by geopolitics and the upcoming FOMC meeting.