Market analyst Sandip Sabharwal sees potential in IDFC First Bank after a 35% drop, citing strong asset quality. He’s also keeping an eye on SBI’s results, particularly its asset quality and CASA ratio, given its aggressive unsecured lending. While cautious about PSU banks, Sabharwal acknowledges their recent performance and suggests SBI’s results could influence the sector.
US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising