Nifty is approaching a critical level around 25,200. Analysts suggest a potential rise towards 25,700-25,900 if it breaks through. Support remains strong at 24,500. Experts recommend focusing on stocks like Mahindra & Mahindra and Bharat Electronics Limited. Banking and IT sectors are also showing promise. Geopolitical uncertainties may still cause market volatility. Traders should monitor key support and resistance 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,