BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Indian Equities Rally on Inflation Data as Rate Cut Hopes Buoy Markets
Indian Equities Rally on Inflation Data as Rate Cut Hopes Buoy Markets
18
2
BTCCSquare news:
Benchmark indices in India opened higher as cooling inflation data fueled expectations of monetary easing. The Sensex gained 0.27% to 80,448.25 while Nifty 50 ROSE 0.38% to 24,579.90, with healthcare and metals stocks leading the advance.
July's retail inflation hit an eight-year low, strengthening the case for RBI rate cuts. "This gives the RBI greater flexibility to consider rate cuts when global trade headwinds threaten growth," noted Hariprasad K of Livelong Wealth.
Global sentiment improved after steady US inflation reinforced bets on a September Fed cut, now priced at 93% probability. The dovish tilt comes as markets weigh the impact of recent US tariff measures on trade-dependent economies.
By:
