After a long period of northward movement of interest rate, signs are visible where things will stabilize if not move downward in near future. Stock market is barometer for any economic or  socio-political activity and shows sign in advance. This was visible in India stock markets where sectors sensitive to interest rate like banking, auto or real estate has started showing movement. Banks after long time are showing some consolidation and stated upward trend. 

With Fed keeping interest rate unchanged at 5.75% and sign of U.S. economy going to recession has receded, global cues are also positive. With financial year coming to a close lot of Government Departments have to spend their budget allocation and advance tax been already paid by most of companies, liquidity condition is also easing up. Inflation also seems to be stabilizing around 6%. All these signs are indicating for better days for interest rates.