Indian markets faced pressure from Middle East concerns, impacting smallcap stocks returns. Top gainers included Moschip Technologies, Solara Active Pharma, and Dhani Services.
India is increasingly becoming a logical choice for investors globally amid a slowdown in China, says Mark Mobius. However, markets are yet to witness a significant shift in investment flows from China to India, he said
I do not think there is a debate on the credit quality of banks in general. Provision numbers are very good. Bank balance sheets looks good. And for whatever reason the credit cost has been very moderate even on the retail side.