Indian markets saw a pause as American stocks ended lower. Investors are now focused on upcoming corporate earnings and clues from the Federal Reserve about interest rate cuts. The market awaits signals on economic health and future monetary policy. This period of consolidation precedes a crucial earnings season, with major banks set to report results soon.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise