Markets are experiencing a cautious rebound after recent declines. This rally, fueled by short covering and domestic institutional buying, is met with skepticism. Experts suggest a decisive shift depends on a resolution to the West Asia conflict. Foreign institutional investors continue to sell, adding to market unease. Traders await clarity on the geopolitical situation before committing further.
Valuations attractive, but clarity critical for HDFC Bank rebound: Aditya Shah
HDFC Bank is under intense investor scrutiny due to leadership changes and boardroom disagreements. This situation adds to existing concerns about growth and margins. While