A broad-based rally was witnessed in the Indian market, boosted by large caps, with financials taking centre stage. With the drop in Indian banks' GNPAs to a 12-year low, the sector is anticipated to outperform in the near term. On the global front, the US FED chair's commentary on inflation cooling down to 2% by the end of CY25 was sentimentally positive. FOMC minutes later today might give hints on the start of the rate-cut cycle.