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.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong