Bank lending growth in FY’25 until February slowed to 10.9% from last year’s 20.6% due to a decline in retail and NBFC loans, according to RBI data. Credit to the services sector grew by 13%, while industry credit growth was 7.3% in the same period.
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen
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