A close below Rs 1,100 could take the stock towards Rs 1,050-1,035. On the flip side, as long as it is trading above Rs 1,100, the uptrend texture is intact. Above the same, it could move up to Rs 1,200-1,225 levels.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,