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IDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loans. It also aims to expand its rural banking and priority sector loan book. The microfinance book stress is now under control. The bank is also investing in technology and its mobile app for future growth.Read More

Technical analysts suggest the Nifty is entering a consolidation phase rather than a reversal, with key support zones expected to hold. Analysts anticipate a trading band between 23,400 and 24,500, with a breakout needed to revive directional strength. The underlying structure remains constructive for a gradual upward move.Read More

The Indian rupee is anticipated to decline further this week, breaking its recent stable trading band. Strong dollar demand, rising oil import costs, and consistent foreign investor withdrawals are pressuring the currency. Despite the Reserve Bank of India’s interventions, the rupee is expected to open significantly weaker on Monday, signaling continued downward pressure.Read More

Indian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial results and news developments. Sun Pharma is set for a major overseas acquisition. NTPC plans nuclear power units, while Adani Green invests in battery storage. Coal India aims to cut imports. Hindustan Zinc and HPCL shared growth and restoration updates.Read More

Indian markets faced pressure on Friday, with the Nifty falling below 24,000. Analysts anticipate near-term consolidation. Investor sentiment remains cautious, closely watching West Asia conflict developments. Geopolitical uncertainty is impacting crude oil prices, the rupee, and equity markets. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.Read More