The bet on bank stocks is that the pick-up in the credit cycle is expected to benefit smaller lenders, which have cleaned up their books and posted healthy profits in the September quarter. Fund managers also purchased shares of select companies in pharma, IT, defence, cement and hospitality because of cheaper valuations.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a
August 28, 2026