CNBC's Inside India newsletter: Stocks had a record-breaking rally. What's next?
Publishing timestamp: 2024-09-05 12:18:20
Summary
Indian stocks have been on a record-breaking rally, but recent economic data shows a slowdown in GDP growth. Risks include tightening monetary and fiscal policy, potential shift in government spending, and the stock market's own success. India and Singapore have signed agreements on cooperation, and water shortages could lead to future conflicts. Indian stocks are taking a breather after the rally, with discussions on the performance and outlook of public sector banks and predictions on RBI rate cuts. Shares of Baazar Style Retail and Gala Precision Engineering are set to debut on the market.
Sentiment: MIXED
Keywords: business news, economic events, cnx nifty index, india, us dollar/indian rupee fx spot rate, world economy, dxy us dollar currency index,