Indian equity benchmarks ended slightly lower on Friday but recorded a third consecutive monthly gain, buoyed by steady institutional inflows and strong corporate earnings, despite global trade and geopolitical concerns. The Nifty 50 rose 1.7% and the Sensex gained 1.5% in May. Amid this positive backdrop, analysts have identified five technical picks that could deliver gains of up to 20% in the near term.
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,