Banks will also gain from mark-to-market gains from the easing in treasury yields last quarter and also from a Reserve Bank of India (RBI) relief on provisioning requirements on their alternative investment fund (AIF) investments.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce