According to Kotak Securities banks and financials continue to remain exceptions as they trade at relatively reasonable levels. One should follow a stock-specific approach based on the fundamental merits of the stock, the brokerage said.
Shares in Australia and Japan fell more than 1% in opening trade while equity index futures for Hong Kong slipped. Drops for Japanese benchmarks reflected
IPPB was set up under the Department of Post, with 100% equity owned by the government. The department has now begun discussing how much equity
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