Jaiprakash Power Ventures Ltd shares are seeing a surge. The stock price hit Rs 24.75 on the NSE. This extends a rally from the past week. Adani Group bid to acquire Jaiprakash Associates. JP Associates is undergoing insolvency resolution. Six bidders are in the race. Analysts see potential for further upside if the stock crosses Rs 24.
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