Amnish Aggarwal of Prabhudas Lilladher reports uneven consumer spending due to a mild summer. This impacts durables and staples. Capital goods and travel sectors are performing well. Pharma and healthcare are also showing good numbers. Power demand is down due to the weather. IRCTC’s technology upgrade will help in the long run.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise