Financial stocks are back in demand as fresh bank sanction of loans rose by 90% to Rs 1.4 lakh crore in FY22 after a multi-year drop in FY21. In the previous corporate capex cycle fresh bank sanctions rose to Rs 4 lakh cr between FY10 and FY11. Further, the real lending rates have turned softer.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.