Shares of NCC rose 6% to close at ₹108.4 crore and JKumar gained 1.2% on Wednesday. L&T ended 0.5% lower to close at ₹2,184 over the previous day’s close. On Tuesday, NCC had fallen as much as 9%, JKumar fell 5%, and L&T was down 1%.
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,