Kotak AMC’s Nilesh Shah notes that global support and potential US warnings have eased market concerns following geopolitical tensions. Strong FPI inflows, returning sooner than expected, and robust domestic flows are driving the market’s upward trend. The Indo-UK FTA, which opens up UK export markets, further boosts market confidence, overshadowing potential worries.
UBS upgrades Bajaj Finance shares, LT Finance as it sees NBFCs better placed than banks. Here’s why
UBS upgraded Bajaj Finance to Neutral and L&T Finance to Buy, citing improving asset quality and a revival in unsecured lending. The brokerage sees scope