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
Tech View: Nifty indicators give positive signals, likely to face resistance at 24,694. How to trade tomorrow
Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term