Indian markets closed lower on Thursday amid weak global cues and trade war concerns. Analysts see resilience despite US recession fears. US and European markets rebounded after volatility. Nifty remains in a consolidation phase, with key resistance at 22,550. MRPL, ITI Ltd, and Data Patterns saw strong buying, while KEC International and Zee faced selling pressure.
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