Momentum Pick: Up 28% in a year! Will IDFC continue to offer Street-beating returns? https://ift.tt/aJmodgU indicators RSI and MFI are trading in a medium range of 49.1 and 54, respectively which indicates a likelihood of further upside. A number below 30 indicates that the stock is trading in an oversold territory while above 70 is indicative of the stock trading in an overbought zone.
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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