Shares of NCC rose 6% to close at ₹108.4 crore and JKumar gained 1.2% on Wednesday. L&T ended 0.5% lower to close at ₹2,184 over the previous day’s close. On Tuesday, NCC had fallen as much as 9%, JKumar fell 5%, and L&T was down 1%.
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