Kotak Institutional Equities’ Sanjeev Prasad suggests a potential IT sector backstop due to already priced-in bad news and company cash reserves, despite unglamorous guidance. He questions high valuations across sectors, considering weaker short-term growth, medium-term disruptions, and elevated global bond yields.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall