Indian equity indices closed lower on Friday due to Israel’s strikes on Iran, which raised concerns about oil supply disruptions and a wider Middle East conflict. Despite an initial sharp fall, the market recovered some losses, supported by underlying bullish sentiment. Both Nifty and Sensex declined, with investors closely watching key support levels for further market direction.
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