Amid positive global cues indicating no major concerns regarding HMPV, the domestic market partially recovered from yesterday's sharp sell-off but traded within a range ahead of the critical first advance estimates for India's FY25 GDP. This comes in the context of moderated growth expectations, as the RBI recently revised its growth projection downwards. In the near term, the market is expected to remain cautious, awaiting signs of earnings recovery during the upcoming result season, while also dealing with ongoing FII selling which is driven by the strengthening dollar, rising US bond yields, and reduced expectations of further rate cuts