US Federal Reserve lowered rates by 50 bps in September, following rate cuts by other central banks and responding to slowing of global inflation while focusing on boosting of US economy. The move should trigger a rally in emerging markets like India as foreign money which was pulled out earlier due to high interest rates in US would once again find Indian market returns more attractive. Indian Stock markets stayed strong in August after initial volatility as BSE Sensex closed at 82,366 up by 0.76% and the Nifty 50 closed at 25,235 up by 1.14%.
Key M&A and PE Deals includes of Mankind Pharma acquiring 100% stake in Bharat Serums and further consolidating its presence as a market leader in the Indian women’s health and fertility drug market and PE Fund KKR Acquires Controlling Stake in Baby Memorial Hospital. To read more, Click here.
