“At this point, the only solace for bulls is the fact that some buying emerged as the index entered into the bullish gap area present between 17,764 and 17,724 levels, registered on August 14, which was defended at least on a closing basis. Therefore, if the bulls fail to defend 17,710 levels in the ensuing week, more weakness is likely,” he said.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk