Rajesh Palviya from Axis Securities anticipates Nifty potentially reaching 25,000, fueled by positive market sentiment and Prime Minister’s announcement. He highlights the shift in put-call ratios and strong performance in midcap, smallcap, and sectors like automobile and oil & gas. Palviya recommends Mahindra & Mahindra with a target of 3,480 and Avenue Supermarts (DMart) with a target of 4,730.
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,