Gautam Duggad of Motilal Oswal expects the market momentum to continue this year as well, with Lok Sabha election outcome and interest rate movement as the key triggers for the near term
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Nitin Aggarwal, Head-BFSI Research at Motilal Institutional Equities, expects the banking sector to report over 25% earnings growth in the second quarter, driven by steady loan growth and improved provisioning. Aggarwal also mentioned that mid-tier banks have shown mixed performance in their business updates. He highlighted the possibility of increased competition for liabilities among banks, which could further impact net interest margins.