According to Nagaraj Shetti of HDFC Securities, the Nifty’s overall trend is still positive. If it can maintain a position above 24,700, we could see it reach 25,000-25,100 soon. The immediate support level is at 24,500.
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,