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.
Fed keeps rate unchanged, flags inflation and growth concerns
The unanimous decision to stand pat will keep rates at 4.25% to 4.5%. Rates have been there since December after a series of cuts in