“The US Federal Reserve’s widely anticipated 25-bps rate cut initially buoyed sentiment, but comments from Chair Jerome Powell that this could be the last cut of 2025 dampened expectations of further easing,” said Vinod Nair, Head of Research at Geojit Financial Services. “A stronger dollar and risk-off tone across emerging markets, coupled with mixed domestic Q2 earnings and F&O expiry, added to market volatility,” he added.
