Shares of BSE fell 7.3% over two sessions after being placed under the NSE’s Additional Surveillance Measure (ASM) framework, triggering profit-booking and investor caution. The regulatory move followed a steep rally of over 120% in three months and 213.6% in a year. ASM typically signals heightened scrutiny due to unusual price or volume action.
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