Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests a positive outlook for banking stocks, driven by falling interest rates and potential public sector bank consolidation. He favors engineering and R&D-focused IT companies like LTTS and Tata Elxsi, citing strong order inflows and profit margin growth.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation