The banking sector’s earnings growth has been increasingly driven by non-core treasury gains even as NII growth has decelerated significantly due to sharp loan repricing and elevated funding costs.

Asian Markets were trading mixed, breaking ranks from Wall Street as investors assess a slate of economic data. The Nikkei was down 0.38%, while the HSI and Shanghai Composite were up by 0.46% and 0.44%, respectively.

Stock Ideas with specific strategies

India’s real GDP growth surprised positively as it accelerated to 7.8% YoY in 1QFY26 (highest in five quarters), up from 6.5% in 1QFY25 and well above our expectations of 6.5% (Exhibit 1).

With a strong start to FY26, the Indian hospitality industry is well poised to continue its growth momentum, with healthy RevPAR growth in FY26.

Retail Research

Retail Research

The proposed GST rate rationalization has created uncertainty among consumers, leading to the postponement of purchase decisions, most noticeably in the PV segment, and to a lesser extent in 2Ws.

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Retail Research