The benchmark Nifty index ended the week with losses, erasing most of its gains, due to bears returning to the market. A profit-booking scenario around 18,200 led to Friday’s fall and took the Nifty back to the previous week’s close. However, the short-term trend will remain positive as long as the index stays above 18,000, and a fall below this level may take it into the consolidation zone of 17,500-18,000. The consumer durable sector witnessed a strong breakout, while some banks fell following HDFC Bank and HDFC Ltd merger updates.
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,
December 8, 2025