The brokerage has downgraded its ratings on SBI and ICICI Bank, while upgrading Bajaj Finance. It reiterated its buy rating on HDFC Bank.
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish
Dinesh Kumar Khara emphasizes that the adoption of the repo rate as an external benchmark by banks will ensure quick transmission of policy rate changes
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