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Macquarie has maintained an outperform rating on HDFC Bank, setting a target price of Rs 1,900. While reported profits are expected to be weak year-over-year, NII is projected to grow by 14%, with NIMs expanding to 3.52%. Deposit growth is estimated to increase by approximately Rs 800 billion quarter-over-quarter.
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News and Media
US Vice President Kamala Harris leads over her Republican rival Donald Trump in key battleground states like Michigan, Pennsylvania, and Georgia, according to recent polls. However, Trump holds a slight lead in Arizona. Nationally, Harris has a narrow edge over Trump by two percentage points.
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News and Media
The US presidential election may impact investor optimism in the stock market, despite a recent recovery. Goldman Sachs strategists highlight concerns over policy uncertainty, especially regarding corporate tax reform. Additionally, doubts about the benefits of high spending on artificial intelligence could affect stocks. International diversification might offer more advantages towards year-end.
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News and Media
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