Global Market: ECB monitoring Middle East conflict for inflation risks

The European Central Bank sees no immediate inflation fallout from the Iran conflict. Policymakers are closely watching for indirect price pressures and their potential impact. The eurozone economy has shown resilience despite ongoing geopolitical tensions and uncertainty. Medium and long-term inflation expectations remain well anchored, reflecting confidence. The bank stands ready to adjust policy if…

HDFC Bank, SBI, other stocks jump up to 2%; Nifty Bank gains 560 points. What lies ahead?

Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings from major private lenders this weekend. Brokerages remain constructive on the sector, citing improving fundamentals, resilient loan growth and stable asset quality, while cautioning that pressure on net interest margins…