FPIs have driven Sensex above 80,000, capitalizing on 7.2% GDP growth projections and fiscal prudence. The brief pullout is seen as temporary. Large caps gain focus amid rising valuations. Policy continuity, budget reforms, ministry formation, and positive monsoon prospects improve earnings visibility, enhancing India’s appeal to FPIs for sustained investment.
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,