Governor Sanjay Malhotra observes a shift in India’s financial savings from bank deposits to equities, viewing it as a positive sign of economic growth and a move towards a balanced asset mix. This trend is fueled by declining deposit rates, prompting savers to seek higher returns in the equity market. RBI’s repo rate adjustments have further contributed to this shift.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader