Indian equity markets are trading range-bound due to a balance of supportive monetary and fiscal policies against slowing global growth and foreign outflows. Analysts suggest a cautious outlook for the IT sector, favoring multi-asset portfolios with exposure to gold, silver, and commodities.
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