Bullish sentiment could take Nifty to 17,000: Analysts https://ifttt.com/images/no_image_card.png Markets had a very powerful week and the index also moved past the 20-week moving average which stands at 16,580 levels. The most logical move is likely to take the markets to their 50-weekly moving average which is placed at around 17,050.
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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