Dalal Street celebrated the RBI’s expected ‘dovish pause’ and Governor Malhotra’s pro-market initiatives, ending an 8-day losing streak. Sensex surged over 600 points as RBI allowed banks to fund M&A, liberalized loans against shares, and reduced risk weights for infrastructure financing. These measures, coupled with optimistic GDP and inflation forecasts, significantly boosted market sentiment, especially for banking and infrastructure stocks.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets