Expert view, Jan. 30 -- Ajay Menon, MD & CEO, Wealth Management at Motilal Oswal Financial Services, believes several key events will keep the market sentiment cautious in the near term, making it difficult to say if the Indian stock market has bottomed out. In an interview with Mint, he said the Union Budget 2025 will offer important signals to the market. Income tax reforms and increased infrastructure funding will likely boost market sentiment.

The Indian markets are currently navigating an interim phase of course correction.

The fall in Nifty has been mainly triggered by subdued earnings performance in the first half of the current financial year (H1FY25), with weakness continuing in Q3 results as well as unprecedented selling by fo...