Indian equity markets faced their fifth consecutive week of losses due to global trade concerns and disappointing corporate earnings, with the Nifty 50 and Sensex declining. Broader indices, particularly small and mid-caps, experienced significant drops. Technical analysis suggests continued bearish pressure, with key support levels being closely watched as traders navigate the ongoing volatility, while the FMCG sector shows relative strength.
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,