Following the announcement, shares of rate-sensitive sectors like banking, financial services, automobile and real estate posted strong gains after the announcements.
FIIs are on a continuous selling spree. The buying DII activity might not be enough to neutralize the net FII selling effect, says Divam Sharma of Green Portfolio.
The market is currently on a high, and everyone can see this. An increase in allocation from DIIs, FIIs, and retail investors has taken the valuations up. This rapid climb suggests that a bit of a healthy correction might be good for balance.
As India pushes for electric vehicles, Tata Motors, with its growing EV segment, stands out. Their global presence, especially with the Jaguar Land Rover brand, showcases India s capability in high-end manufacturing and innovation.