The correction in Reliance Power share price follows a 106% surge over the past month, supported by strong project wins, equity infusion, and a turnaround in quarterly earnings. The company posted a consolidated net profit of Rs 126 crore, a turnaround from a net loss of Rs 397.56 crore in the same period last year.
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