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.
Gold, silver hit all-time high on Diwali demand
Gold prices reached a new high of Rs 80,650 per 10 grams in the national capital. Silver also rose significantly by Rs 5,000 per kg,