Tech View: Nifty50 forms 'Inverted Hammer', recovery possible https://ift.tt/EouV7nZ Taparia of Motilal Oswal Securities said that Bank Nifty opened negative but managed to respect its multiple support near 33,000-33,100 zones and bounced towards 33,600 levels.
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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