Amidst geopolitical tensions and potential oil price surges due to US-Iran conflict, Indian markets show resilience. Nifty and Bank Nifty face key resistance levels, while IT sector interest remains strong but cautious. Financial services attract FII buying, and mid/small caps outperform, favoring fundamentally strong companies. Investors should hold winners like Swiggy and losers with support levels.
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,