The market reacted positively to the rate cut. Reserve Bank of India changed policy stance to neutral. This move ensures financial system transmission. Corporate earnings may grow 12.5% to 14.5%. Input cost inflation is expected to go lower. Tax cuts will increase discretionary spending. Rural consumption may strongly comeback. Banks and NBFCs will benefit.
RBI surprise to boost earnings, support India’s market outperformance: Mayuresh Joshi
by ET Markets | June 7, 2025 4:03 pm | Indian Stocks, Market, News