Shares of banks and NBFCs went up by as much as 4% after the RBI shifted its policy stance to ‘neutral’. This change hints at a possible rate cut cycle from December. Shriram Finance saw the biggest gain in Nifty, rising over 4%. Other financial stocks also gained significantly, boosting the Sensex by 500 points.
QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact
Rising fuel and LPG prices are impacting India’s consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others