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This policy change comes at a time when NBFCs are crucial for credit dissemination, especially in semi-urban and rural areas. It directly impacts their ability to grow their loan books and deposit bases.
The broader market saw significant gains, with Nifty crossing 24,200 and Sensex surging over 1,200 points, driven by hopes of US-Iran peace talks. This positive sentiment provides a favorable backdrop for individual stock movements like Wipro's.
The Indian broad market is currently experiencing positive momentum, with Nifty and Sensex surging on global cues. A strong regulatory body like SEBI is crucial to maintain this positive sentiment and ensure market integrity amidst growth.
The pharma sector is currently experiencing mixed signals, with some stocks seeing significant gains while others decline. Regulatory signals and product pipelines remain key drivers for stock performance.