Softening commodity prices lift auto stocks https://ift.tt/i430EF6 value investors have already been mopping up beaten-down automobile stocks of late, helping the sector outperform the market in recent months. The BSE Auto index has gained 2.9% so far in 2022, while the benchmark Sensex is down 11.7% during the period.
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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