Indian stock markets saw a significant rise on Thursday. Both Nifty and Sensex climbed 1 percent. Overseas investors slowed their selling. Domestic investors bought shares. Positive second-quarter earnings and hopes for a US-India trade deal boosted sentiment. Auto and FMCG sectors performed well. Analysts predict further gains if trade talks progress.
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