Banking sector’s net profit rose just 4.9% YoY in Q4 FY25—the slowest in 17 quarters—due to weak private bank performance, SBI’s earnings drop, and pressure on margins. Upcoming rate cuts and liquidity measures may ease stress ahead.
US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%,
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