The RBI Tuesday conducted a three-day variable rate repo auction for Rs 50,000 crore, a move which infused short-term liquidity into the banking system for which banks are charged a rate of 5.14 percent.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.