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So, if that were to come through, will foreigners still continue to put money into China and as a result sell India? So, the bigger question really is how much more foreign selling is left and what is India's ability to absorb that foreign selling.
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Market analyst Sandip Sabharwal sees potential in IDFC First Bank after a 35% drop, citing strong asset quality. He's also keeping an eye on SBI's results, particularly its asset quality and CASA ratio, given its aggressive unsecured lending. While cautious about PSU banks, Sabharwal acknowledges their recent performance and suggests SBI's results could influence the sector.
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RIL Share Price: Reliance Industries' shares dipped 2% following a block deal involving 11.9 lakh shares. The company's market value has shrunk by nearly $50 billion since July, attributed to a decline in earnings and a slowing economy. Despite issuing bonus shares recently, the stock has struggled, with a 5% drop in consolidated net profit for the latest quarter.
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