State Bank of India’s monumental ₹25,000-crore QIP witnessed overwhelming demand, exceeding four times the offered stock. Attracting bids worth ₹1.10 lakh crore from around 120 investors, including BlackRock and Marshall Wace, the sale underscores confidence in SBI’s growth prospects. The capital raise will bolster SBI’s CET 1 ratio, positioning it for future expansion.
Any relief rally in markets likely limited and temporary: David Roche
Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation