Zomato among BSE500 stocks that tanked up to 20% in volatile week https://ift.tt/vqW6JaY price movements in the near-term will be in anticipation of better-than-expected Q1 results in these segments. Metals stocks are likely to bottom out absorbing the poor Q1 results.
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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