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Sonali Basak highlights how a divergent economy, impacted by inflation affecting various sectors and leveraged participants differently, is resulting in noticeable divergence within markets.
She emphasizes that regardless of whether interest rates are increased in October, market separation is likely to persist.
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Earlier this month, Sonali Basak projected that interest rates could reach 5 percent, with a possibility of exceeding 5.3 percent by the end of October, according to her report here. In a separate article, Basak noted that 80 percent of 200 investors identified power as a main focus in infrastructure and AI investment here. These developments contribute to the sectoral trends currently seen in the market.