As Nifty reversed its uptrend from the highs, one may look to reduce long trading positions or place strict stop loss for the longs. It is advised to create short trading positions for the immediate downside target of 17,330. Sectorally, banking, healthcare, realty, metal, and automobiles will show weakness in the coming weeks.
MFs shy away from AT-1 bonds amid tighter rules
Data provided by CRISIL Market Intelligence and Analytics to ET showed that MF investments in AT-1 bonds crashed to ₹5,382 crore in April 2023, from