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Market move● Neutral for Indian equities
UK bank stocks slide as 30-year borrowing costs hit highest since 1998
The brief
- NatWest, HSBC, Barclays and Lloyds fell as UK 30-year borrowing costs hit their highest since 1998
- Ola Electric Share Price Falls 3% After HSBC Sees Over 37% Downside, Maintains 'Reduce' Rating
- Augment Infrastructure sells 7.25% stake in Clean Max for ₹1,096 crore
- HSBC expects RBI to raise rates by 50 bps in FY27
- HSBC targets affluent Indian clients, intensifying competition with local banks
- Analysts cut PB Fintech price targets amid insurance distribution concerns