Initially, I was a little worried about what foreigners would do given the lower earnings growth. They have sold about ₹1.5 lakh crore but the Nifty has fallen only about 1,200 points. And now they are also tired of selling.
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