India remains among the best-performing economies in the world, and “we expect growth dynamics to continue in the medium term”, with GDP increasing 6.8 per cent annually over the next three years, S&P Global said on Thursday. India is prioritising fiscal consolidation, demonstrating the government’s political commitment to deliver sustainable public finances, while maintaining its…
Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. “This is led by factors such as gains from strong equity markets and…
Prime Minister Narendra Modi has completed 11 years in office and Indian capital markets during this time has seen a phenomenal rally. The bluechip Nifty index, has seen an unprecedented leap gaining a mind-boggling 241 per cent return, in just over a decade. Likewise, on the remarkable gains, the overall market capitalisation has zoomed by 442 per…
SBI Mutual Fund has revised its stance on Indian equities to neutral from underweight, citing improved valuations, resilient GDP growth, and stable corporate earnings. The move marks a subtle but notable shift in the sentiment, as markets continue to hold firm despite global headwinds and tariff-related uncertainty. “This shift represents a healthier market outlook and better…
D-Street was pleasantly surprised as RBIÂ slashed the repo rate by 50 basis points on Friday, June 6, pushing rate-sensitive stocks into sharp recovery mode. The repo rate now stands at 5.5 per cent, compared to 6 per cent earlier. The central bank also shifted its stance from ‘accommodative’ to ‘neutral’, signaling a broader reset in…
Banking and other rate-sensitive stocks jumped on Friday, June 6 after the Reserve Bank of India (RBI) cut the repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points. This double monetary easing appreciated the Bank Nifty in intraday trading to an all-time high of 56,305, rising to…