LGT Wealth’s Chakri Lokapriya notes that earnings cuts are expected to continue, potentially impacting Nifty’s growth. However, he sees potential for market improvement in the second half with interest rate cuts and stability. Lokapriya highlights TVS Motor’s excellent numbers and execution, recommending a buy, but cautions against applying their success to the entire two-wheeler sector.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an