SBI Card said it is a AAA-rated company and that it has enough sources and diversified lender base, to manage the impact. It does not see significant impact on cost of funds during the ongoing financial year.
“Bulls regained strength in the market following positive US data, prompting short-covering moves in the index. The downside support for the index is situated at 19,560, and as long as this support holds, a "buy on dip" strategy is recommended. A breakthrough of the resistance at 19,850 by the end of the month is anticipated, potentially paving the way for further upward movement towards 20,200-20,500 levels.”