Chinese Flavours Tickle India Markets

With the recent rate decisions from the US Federal Reserve, Bank of England and Bank of Japan behind us, the markets were looking for a fresh catalyst to extend the rally. That muchneeded trigger came in the form of aggressive stimulus measures announced by China’s central bank—its most significant move since the pandemic. China is attempting to revive its slowing economy by cutting reserve requirements and slashing key interest rates. This move aims to inject a massive 1 trillion yuan into the market, with further measures like reducing mortgage loan rates and standardising down payment ratios to boost consumer confidence.