Rising India-Pakistan tensions have rattled investor sentiment, causing a sharp market selloff. Analysts say the impact appears short-term and sentiment-driven, with a potential rebound likely next week. Weak earnings momentum, particularly in IT and FMCG, adds to market concerns. Mid- and small-cap valuations remain stretched, and policy uncertainty is expected to keep equity market volatility elevated.
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,