Notably, Nifty PSU Bank Index saw better traction than BankNifty with all of the index constituents gaining close to 5% on an average. Major gains were seen in SBI, Bankbaroda, Canbk, PNB and Unionbank which contributed around 80% to Nifty PSU Bank index.
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