Infosys posts biggest fall since Covid selloff, leads plunge in IT counters https://ift.tt/5Bi2z3N NSE IT index dropped 4.7% to its lowest in two years, while the Nifty fell 0.7%. Analysts are recommending investors to postpone purchases of large-cap IT stocks such as Infosys and TCS, whose valuations are still not considered cheap.
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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