Railway stocks including Railtel Corporation of India, Ircon International, and IRFC are surging to new highs as the market anticipates the Modi 3.0 government’s budget announcement on July 23.
RBI’s 25-bps rate cut, its first in five years, pressures private banks’ NIMs while public banks remain stable. NBFCs may see funding relief, but liquidity
Tech view: Nifty formed a red candle on the daily chart, signalling weakness, but found support near the 21-day simple moving average (DSMA) at 23,290.
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