HDFC Bank Tumbles, but Analysts Still Back India’s Private Banks
The bullish outlook will be tested by the March-quarter earnings season
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Good morning...
I’m Alex Gabriel Simon, with your daily market update at the end of a nerve-wracking week for equity investors.
Local shares look set for more weakness after Thursday’s sharp selloff erased a fragile three-day rebound in just one session. Even with Asia trading firm this morning — helped by a slight cooling in oil prices — sentiment may not improve. Traders remain reluctant to take fresh positions ahead of the weekend.