August 28, 2024 10:59 PM

Festive demand and anticipated rate cuts expected to propel stock market: Prabhudas Lilladher

Expectations of strong demand during the festive season, a revival in rural spending, and potential interest rate cuts later this fiscal year are set to bolster stock markets, according to the latest "India Strategy" report by brokerage firm Prabhudas Lilladher. Despite increased volatility amid a worsening geopolitical landscape, both Nifty and Sensex have maintained their upward momentum over the past month. The report suggests that normal monsoons have fueled hopes of a demand surge during t...