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The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps, with expected earnings growth in FY26. Positive sectors include large private sector banks, technology, and selected consumer segments.
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Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg downwards could start from there and we could be headed towards 46,600 in the days to come.
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Over 500,000 TikTok users migrated to Chinese social media platform RedNote due to potential TikTok ban in the US. RedNote lets users share lifestyle content. It has over 300 million monthly active users. RedNote's founders are Miranda Qu and Charlwin Mao. The app aims to improve its English-language tools to expand globally.
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