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Going forward, November is likely to be another eventful month. A sharp correction in crude oil prices and signs of reversal in the INR against the USD is encouraging news for Indian equities, however, the liquidity woes amongst NBFCs could continue to keep investors on the edge. Further, the upcoming state elections in Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Telangana during the month is expected to increase volatility and nervousness, as the market tries to gain some traction. On the global front, the progress on US-China trade talks, US sanctions on Iran, the comments by the US Fed at the FOMC meeting and the outcome of mid-term elections in US will be on market radar.
Prabhudas Lilladhar released a Sector Update report for Banks on 07 Jul, 2025.
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