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Broker call▼ Bearish for Indian equities
Markets pricing an excessive 125bps rate hike over the next one year: Nomura
The brief
- Nomura says markets are pricing an excessive 125 bps of rate hikes over the next year
- It expects the chance of further increases to diminish beyond February 2027
- Higher rate expectations pressure rate-sensitive Indian lenders, real estate and consumer stocks
- Managing inflation risk
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RBI rate-hike expectations
Analysts expect the RBI’s rate-cut cycle to end, with forecasts including hikes in October and December and cumulative increases of 50–75 basis points by FY27. Nomura says markets are pricing 125 basis points of hikes over the next year.
Monday, 28 September
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura