Markets anticipate a 25 basis point rate cut from the Federal Reserve. Investors will closely watch the Fed’s commentary and quantitative tightening plans. The dollar’s strength is noted, influenced by trade talks. India’s market shows signs of recovery, with opportunities in specific sectors like steel and power. Selective investment is advised despite valuation concerns.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj