We have been witnessing a sell-on-rally market for the past many months, and that trend continues to hold as of now. Going forward, Nifty has very crucial support around the 22,500-22,700 zone, any consistent breach below this zone could lead to a further sharp correction in Nifty.
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