RBI MPC Meet: Nifty Bank Stages Marginal Recovery Before Slumping
Nifty Bank saw a marginal recovery after RBI Governor Sanjay Malhotra announced a 25 bps cut in the central bank's lending rate. Moreover, the Monetary Policy Committee also changed its stance from 'neutral' to 'accommodative'.
The bank index fell as much as 0.54% on Wednesday, before the RBI MPC's announcement. It pared loss to trade 0.33% lower before slumping further by 0.94%, crossing the day's low.
Among the notable movements, AU Small Finance Bank Ltd. saw an intraday high of 1.17%, before dropping to a low of 1.03%.
Axis Bank Ltd. reached a high of 0.37% but later declined by 1.71%. Similarly, Bank of Baroda Ltd. experienced a minimal high of 0.02% before falling 1.75%.
Canara Bank Ltd. had a high of 0.86% but slumped 1.77%. Federal Bank Ltd. managed a high of 0.4% but slumped 0.72%.
HDFC Bank Ltd. saw a high of 0.33% before dipping 0.5%. ICICI Bank shares rose 0.39%, but later dropped to 0.92%.
IDFC First Bank Ltd. fell 1% before recovering a little to trade 0.16% higher, while IndusInd Bank Ltd. saw a high of 0.54% before declining to 1.09%.
Kotak Mahindra Bank Ltd. rose 0.4% but declined 0.48%., PNB stock saw 0.17% increase, before falling 1.32% and SBI Ltd. dropped 1.57%.
The accommodative stance and rate cut are aimed at supporting growth, but the immediate impact on banking stocks suggests that broader economic concerns and global trade uncertainties continue to weigh heavily on market sentiment.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
