Market experts are closely monitoring private banks for structural growth, expecting them to outpace the industry. Consumption plays are set to benefit from GST rationalization, while metals exhibit strong domestic volume growth and attractive valuations. The IT sector also presents appealing valuations, with earnings growth anticipated as macro factors remain constructive for overall economic acceleration.
Damodar Valley Corporation released water from its reservoirs. This action raised flood concerns in southern West Bengal districts. Rivers in the region were already swollen by heavy rainfall. The state government criticized a previous water release. North Bengal also faced heavy rains. Landslides in Darjeeling district killed 24 people. Authorities are monitoring the situation closely.
