💨 Abstract

India's equity benchmarks closed marginally lower on Wednesday, with consumer stocks dropping due to concerns over urban demand recovery and high valuations. In contrast, energy and state-owned firms gained about 1.5%. The RBI is expected to deliver a 25 basis points rate cut on Friday, supporting a growth revival following personal tax cuts in the annual budget. The broader markets, smallcaps, and midcaps, however, extended gains. Asian Paints lost 3.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖