Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of rate-sensitive stocks – banks and NFBCs – rallied up to 4% on Wednesday morning after the Reserve Bank of India (RBI) changed its policy stance to ‘neutral’ from ‘withdrawal of accommodation’ earlier. Led by gains in financials, the Sensex also jumped 500 points. The change in stance is being seen as a step…
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Bet on these 5 NBFCs as highly-anticipated rate cuts promise windfall for investors
With interest rate cuts almost certain in the current calendar year, non-banking lenders are poised to benefit the most, offering better risk-reward ratio in the current market conditions. The US Federal Reserve is expected to initiate a rate-cut cycle, either in its latest meeting or the following one. Once the Fed begins easing key interest…
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Hereβs how Digital Public Infrastructure (DPI) reforms will revolutionise stock market
The finance minister recently announced the implementation of Digital Public Infrastructure (DPI) in agriculture to cover farmers and their lands. This initiative is a part of the broader Digital India campaign, which is built on the foundation laid by the National Land Record Modernization Programme (NLRMP), now known as the Digital India Land Records Modernization…
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