Nifty surged 733 points; analysts foresee a potential crossing of 24,000 if election results favor. Bulls dominate the market, eyeing 23,500 resistance. India VIX down 15%, predicting Modi’s re-election.
Banks look to shift focus to MCLR-linked loans ahead of rate cuts to protect margins
Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply