Sectors related to government capital expenditure will continue to do well in FY25. Companies involved in infrastructure work, defence production, electronics manufacturing will report strong earnings growth in FY25, says Shailendra Kumar.
An interesting observation in this MPC meeting is that while 5 MPC members voted for staying the course, 1 MPC member, Professor Jayanth R. Varma, actually voted to reduce the policy repo rate by 25 bps.
Among the Sensex firms, State Bank of India rose the most by 3.78 per cent after the bank announced the acquisition of SBI CAPS subsidiary for Rs 708.07 crore.