Indian markets saw a muted session as investors focussed on individual stocks, with the Karnataka Assembly elections as a backdrop. The benchmark Nifty index settled 49.15 points higher at 18,315.10, following a day of gain and loss swings. A long-legged doji pattern emerged on the daily chart, suggesting investors should exercise caution at the highs. No reversal pattern has been spotted so far, yet a decisive move above the 18,300-18,400 range would unlock upside targets of 18,600-18,700 in the near term.
RBI proposes new Counterparty Credit Risk norms for banks in derivatives trading
The Reserve Bank of India (RBI) has proposed new Counterparty Credit Risk (CCR) norms for banks acting as clearing members in equity and commodity derivatives