The top losers in the day’s trade were National Aluminium Company (3%), Jindal Stainless (2.6%) and Tata Steel (2.6%). Both National Aluminium and Jindal Stainless hit their 52-week highs on Monday.
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,