Stocks that were in focus include names like Ambuja, which fell 4% and L&T, which gained 1% and Dabur, whose shares declined 1.4% on Wednesday.
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong
Banks’ leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding
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