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Below the Quote on Market by Krishna Appala, Sr. Research Analyst, Capitalmind Research

“This week, markets stabilized after two weeks of volatility. The India VIX eased from 15.5 to 13.3, signalling a return to calm. The Nifty 50 remains 4.8% below its all-time high, closing the week down by 0.9%, while the CNX Midcap index remained flat, and Smallcaps edged up by 0.28%.
The RBI maintained its policy stance, citing potential inflation risks from global food prices and geopolitical tensions. However, the shift to a 'neutral' stance from 'withdrawal of accommodation' hints at possible rate cuts ahead. The 10-year bond yield responded, dipping to 6.78%. Despite global uncertainties, growth projections for FY25 remain robust at over 7%, with liquidity keeping stress points minimal.
TCS’s Q2 results showed 7.6% revenue growth and a 5% rise in net income, though operating margins dipped slightly. The market remains watchful, as Nifty valuations appear stretched, and further muted earnings from large-cap stocks could trigger a consolidation phase before results catch up.”

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