Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Ashutosh Joshi , an equities reporter in Mumbai. The Fed’s 25-basis-point cut has taken one big global worry off the table, and regional markets are cheering the move. Whether that’s enough to steady Indian equities is unclear after Wednesday’s late slide pulled the market to a near month-low. Mid- and small-cap stocks may get some relief from the regulator allowing pension funds to invest in the Nifty 250 and BSE 250 indices. But with the outlook on a trade deal with Washington still murky and bond yields climbing to three-month highs — pressuring the rupee — investors are watching how long India can hold out against the global “lower for longer” narrative. Also in focus will be monthly mutual fund inflows numbers amid chatter that retail investors are running out of patience.