Interview: Hyundai, M&M top auto picks after GST cut, says Kranthi Bathini of WealthMills Securities

fed rate cut, india stock market, be sensex, nifty 50, kranthi bathini, US-india trade talks, GST rate cut, hyundai india, mahindra & mahindra [https://invezz.com/wp-content/uploads/2025/09/image-2025-05-30T170528.337-1.png] Indian equity benchmark indices slipped on Friday, snapping a three-day winning streak as investors booked profits in select heavyweight stocks after the markets saw a modest gain post the US Federal Reserve’s rate cut decision on Wednesday. The market’s earlier gains had been driven by optimism over potential US Federal Reserve rate cuts and progress in trade negotiations between New Delhi and Washington. However, the Fed rate cut of 25 bps might not be enough to bring the foreign portfolio investors (FPIs) back to the Indian markets, after having withdrawn to the tune of $5 billion in the month of August alone. “More than the rate cut, the India-US trade deal is going to be a big focus area for FPIs in the short to medium term,” Kranthi Bathini, equity strategist at WealthMills Securities tells Invezz in an interview. Domestically, Indian stocks have seen a boost with the GST rate rationalisation by the Indian government, which…