Angel One’s Rajesh Bhosale suggests the market may remain pressured unless it surpasses 25,000, with 24,600 as a crucial support level. While FMCG and pharma sectors offer some support, heavyweights lag.
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