The markets touched their day’s low in the intraday trading session.
The window for policy pivot to rate cuts could open-up in 1H CY2024, if inflation trajectory warrants given that growth remains robust.
The lowering of the inflation projection for FY24 to 5.1% signals towards a higher GDP growth and credit offtake can be expected to be higher.
On the sectoral front, Nifty Media, IT, Auto, and FMCG stocks are weighing down the charts.
IndusInd Bank's appointment will enable them to digitally collect State Government Revenue and Receipts.
Analysts of IIFL Securities believe that TCOM would have to make a sizeable acquisition, which its comfortable leverage ratio (1.3x net debt/Ebitda) should support.
Mgmt. expectation of moderation of growth in PV/CV industries in FY24 is largely in line with analysts of IIFL Securities estimates.
Here are some stocks that may show significant price movement today.
Asian equities are in the red territory today after Canada’s surprise rate hike.
Nifty crossed the 18,700-mark for the first time in 2023.