Nifty continues its decline, breaching support levels, with a cautious market outlook. Analysts advise avoiding bottom fishing and waiting for reversal signals. Focus remains on Q3 earnings, Union Budget, and FII activity. FMCG and IT sectors show resilience, while Pharma faces resistance. Key stocks to watch include M&M, Bharti Airtel, and Tata Consumer.
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,