Indian markets surged on Tuesday, led by strong buying in banking, financial, and auto stocks. Key stocks included Angel One, up 13.19%, Hindustan Zinc, which gained 3.73%, and Triveni, which fell 2.42%. Analyst Kushal Gandhi recommends buying Angel One, abstaining from Hindustan Zinc, and sees potential in Triveni stocks for favorable trading opportunities.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger