Nifty index fell by over 2,000 points from its peak within a month, impacted mainly by foreign portfolio investors’ net outflows. Meanwhile, domestic investors kept investing in the market. Historically, markets often regain a significant portion of these outflows quickly, suggesting potential recovery ahead.
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