India's Public Sector Banks Catch up With Private Lenders After Four Years
Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. It looks like Indian stocks are set for a modest uptick this morning, thanks to the positivity in regional markets. The favorable US inflation data overnight is being seen as making a Fed rate cut more likely. India too had some good news on that front – inflation has cooled to multi-year low, which is a silver lining amid the gloom surrounding middling corporate earnings and trade tensions with the US. Key earnings to watch include Indian Railway Catering, United Spirits and Bharat Petroleum Corp.
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