What Fed’s jumbo rate cut of 50 bps means for stock market investors in India
- Posted on September 19, 2024
- By Business News Today
- 2 Views
What Fed’s jumbo rate cut of 50 bps means for stock market investors in India
The US Federal Reserve's unexpected 50 basis points rate cut has led to a mixed reaction in the stock market. While Indian bluechip stocks rallied, smallcaps and midcaps saw losses. Analysts predict potential rate cuts in India, benefiting rate-sensitive sectors like banks and financials.
