PSU stocks like Cochin Shipyard and Bharat Dynamics fell by 10% following the BSE PSU index’s 4% drop post Lok Sabha election results. Analysts remain positive on PSUs as they see government entities having an advantage.
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,