Furthermore, the massive outflow of funds from debt schemes due to losses on mark to market has put pressure on rates that mutual funds demand for buying CPs. Outstanding CP issues in the market are down by a fifth to Rs 3.8 lakh crore.”Slowdown in CP issuances is mainly because of sharp rise in short term rates. And borrowers are moving back to banks
2 top stock recommendations from Rajesh Palviya
Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal