Indices rise to 4-week highs, Nifty tops 17,500 https://ift.tt/rdP4Qpo, technology, and consumer stocks led Wednesday's gains even as softer US economic data - weaker-than-expected factory output and job openings - and the bankruptcy filing by Virgin Orbit halted the four-day winning streak on Wall Street.
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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