The January-March data in the US disappointed. That is looking like an anomaly based on the last two months’ data. It is giving more leeway to the markets. Ajay Bagga sats there will be a sectoral rotation away from the magnificent seven, from the growth stocks today. We are seeing the midcaps, smallcaps going up nearly 3%. The Russell 2000 index is up 3%.
RBI doubles bond purchases to Rs 40,000 crore
Market participants are expecting additional liquidity support via variable rate repo (VRR) auctions and open market operations (OMO) purchases, both planned and unplanned, along with
February 11, 2025