And as we have been discussing that the breadth of the market is quite strong, broader markets have been very supportive in yesterday’s session also. Even if Nifty and Bank Nifty were muted, but we witnessed a sharp bounce in the Small Cap Index and Small Cap Index has crossed all the resistances and headed for the new all-time highs, so that is a good sign
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