IndusInd Bank (+2.09%) led the gainers on the nifty index today.
Analysts of IIFL Securities believe sector valuations have little room for upside as despite a deteriorated growth outlook, Nifty IT Index has performed in line with broader markets YTD.
Asian peers edge up over Fed rate pause bets.
The markets touched their day’s low in the intraday trading session.
On the sectoral front, Nifty Media, IT, Auto, and FMCG stocks are weighing down the charts.
He noted that Yes Bank is also counting on a faster increase in fee income to help boost margins.
Asian equities are in the red territory today after Canada’s surprise rate hike.
In conversation with Sheetal Agarwal of IIFL, the fund manager explains his view on the markets and the rationale for being bullish on PSUs.
Nifty crossed the 18,700-mark for the first time in 2023.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.