In the first fortnight of May, the average daily quantum of extra funds parked by banks with the RBI dropped to ₹56,578 crore, almost four times lower than an average daily surplus of ₹2 lakh crore in the same period a month ago.
Radhika Gupta of Edelweiss MF highlights the re-rating of India’s stock market, particularly noting the potential in consumption stocks despite their higher PE multiples. She
Now, once the dip gets bought into, we feel the turnaround could take us to 24,000, 24,200 over the next 8 to 10 trading sessions
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