State Bank of India shares experienced their largest single-day drop in two years, falling nearly 7% after disappointing fourth-quarter earnings. The decline was attributed to reduced net interest margins and lower treasury income. Analysts suggest potential further dips, with support expected around the ₹970-990 zone.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend