We do expect the January effect to come into play and we expect the budget-linked sectors to rally. So in 2023, while the Indian markets might get dented by the global recession, they will not drown.
HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points.
State Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts’ expectations for their June-quarter earnings. Most brokerages expressed continued optimism
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