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​This has led to a decent and ever-growing margin, net interest margin of close to 4% and I think that is a pretty commendable considering the bank has gone through quite a lot over the years.

We do not own that auto player there because we are not so sure about the 30% growth, only 25% of the business which is Mercedes business is something very good in that business and the after sales business.

Federal Reserve officials suggest skipping a June rate hike, resulting in a quick reversal of market expectations, as the US central bank weighed the value of caution against still-strong inflation data. Governor and vice-chair nominee Philip Jefferson said any decision to hold rates steady should not be viewed as the end of the tightening cycle. His remarks were taken as a cue, two days before the start of a blackout period that prohibits further public comment about the 13-14 June policy meeting. The rate hike skip has now become jargon for an emerging compromise.

​On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend in the future.​​

The US dollar slumped from its two-week high on Thursday as investors reduced their bets on an interest-rate increase. Although the U.S. House of Representatives had passed a bill to suspend the $31.4tn debt ceiling earlier in the week, the focus is now on how it will fare in the Democratic-led Senate. The dollar was mixed in Asia trade and hardly reacted to the vote. Markets currently believe that there is about a 26% chance that the US Federal Reserve will increase the rate 25 basis points at the meeting, down from the near 67% chance a day before.

In the NSE list of stocks, 4 stocks with a market cap of over Rs 10,000 crore are witnessing Golden Crossovers, according to StockEdge’s technical scan data.

Benchmark indices in India closed lower on the last day of May, with the S&P BSE Sensex declining 346 points, and Nifty50 settling at 18,534 levels, amid negative global market signals. The auto and FMCG sectors saw gainings, while bank, metals, and financials dragged. Stocks in focus include Suzlon Energy, which gained 10%, Torrent Pharma, up 6.15%, and ONGC, down nearly 6%. Stoxbox Head-Technical Analyst Rohan Shah advises investors to buy Torrent Pharma, stating the stock has been trading in an ascending channel and Suzlon Energy, stating the stock has risen over 52% and may attract further upward moves above Rs 11.50.

The ongoing rate tightening has begun to impact the financial systems in developed markets, leading to the collapse of some regional banks in the US.

Indian market is expected to consolidate on Thursday, as S&P BSE Sensex plunged over 300 points while Nifty50 managed to hold the 18500 levels. The India VIX was down by 0.31%, and volatility remained in the same range. The weekly maximum Call OI is at 18600, followed by 18700 strikes, and the maximum Put OI at 18500. PNB Housing, Coforge and PI Industries are some of the recommended short-term trading horizon stocks. Experts suggest a broader trading range between 18300 to 18800 zones and an immediate range of 18450 to 18700 zones.

South Indian Bank has finalised the candidates for the post of MD and CEO of the Bank. The lender will submit the application to the RBI seeking approval for the same.