“The September expiry, especially the second half was dominated by the bears. However, the October series has started on a strong footing. Although the market is not yet out of the woods, the downside looks restricted from the current level. Overall structure shows that the index can witness sideways to positive action & can test 17500 on the upside.”
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,