India's equity market rebounds on festive consumption and stable earnings
after close1 source ↓written by the desknot a recommendation
- inflation eased
- 1.54%
- repo rate
- 5.5%
- all-time high
- ₹29,361 cr
- rise
- 59.2
India’s equity markets saw a resurgence in October, fueled by strong festive consumption and stabilizing Q2 earnings. Consumer inflation eased to 1.54%, while the RBI maintained the repo rate at 5.5%. Notably, SIP inflows reached an all-time high of ₹29,361 cr, indicating robust domestic liquidity. 📈
This positive momentum, alongside a manufacturing PMI rise to 59.2, suggests a favorable trading environment for investors. The macroeconomic backdrop remains supportive, enhancing market sentiment.
Not investment advice. For informational purposes only.