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Hopes of rate cut in festival season to fuel stock market

The Daily Guardian

August 29, 2024

Expectations of strong festival season demand, revival in rural demand, and hopes of interest rate cuts later this fiscal year are expected to support stock markets, brokerage Prabhudas Lilladher said in its latest 'India Strategy' report.

Both Nifty and Sensex have remained buoyed over the past month, holding to their latest bull run, despite rising volatility amidst deteriorating geopolitical situation.

Normal monsoons have raised hopes of demand revival in the festival season.

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