Following weak US jobs data, the likelihood of an RBI repo rate cut has grown, fueled by anticipation of a potential Fed rate cut in September. Despite some traders leaning towards a rate cut, the RBI’s Monetary Policy Committee is expected to maintain a pause with a neutral stance.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader