HDFC Securities report highlights India’s macro stability despite global risks, with steady growth, moderating inflation and controlled fiscal trends. Earnings may grow modestly, valuations are cooling, and markets near a bottom, offering selective opportunities supported by domestic liquidity and retail participation.
HDFC Bank, SBI, other stocks jump up to 2%; Nifty Bank gains 560 points. What lies ahead?
Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings