Monsoon, global cues, FII flows to decide Dalal Street’s fate this week https://ift.tt/wCORTyh benchmark indices are approaching their all-time high levels and a new record may be achieved soon, says Sameet Chavan, head technical and derivative research, Angel One. Nifty50 is just 62 points away from its life high of 18,887.6 points, while the Sensex is 162 points away from its all-time high of 63,583.07 points. Investors will closely monitor the trend of global macroeconomic indicators, such as the Bank of England interest rates decision, and monsoon rains in India, to sustain this momentum. Foreign portfolio investments have also played a key role in sustaining the Indian market.
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.
Comments
Post a Comment