Amid market declines, Sneha Seth from Angel One notes key support levels for Nifty and Bank Nifty, emphasizing stock-specific opportunities. She suggests watching for a Nifty close above 24,900 for a potential rebound. Seth recommends a buy on Dr. Reddy’s with a target of ₹1,324 and a sell on IndusInd Bank targeting ₹797, highlighting pharma’s resilience during corrections.
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