Banks, auto and IT top buys of fund managers in May https://ifttt.com/images/no_image_card.pngLarge banks have also seen buying on cheaper valuations. Some fund managers also bought into select companies that have gained market share like InterGlobe Aviation and Inox Leisure, which are seen among the top beneficiaries of the re-opening trades
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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