Hospital stocks surged up to 5% on Monday, October 6, after the government revised rates under the Central Government Health Services (CGHS) Scheme for nearly 2,000 medical procedures, effective October 13. This marks the first major update in over a decade, addressing complaints from empanelled hospitals that outdated rates previously discouraged them from offering cashless treatments.
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