Shares of Nuvoco Vistas surged 11% to Rs 446.3, while Chennai-based India Cements gained 9% to Rs 289.9. Kesoram Industries, Mangalam Cement, Sanghi Industries, and Gujarat Sidhee Cement jumped over 5% each. Ambuja Cement shares also gained 9.3% to Rs 564.9.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,