Nifty to find support at 16,000 amid high volatility https://ift.tt/v4fZ3dS and derivative analysts expect the Nifty to find support at 16,000-16,100 levels. The Nifty fell 2.3% last week to close at 16,201.80, underperforming most Asian peers. The Nifty may face a hurdle around 16,400 on the higher side, said analysts.
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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