Indian markets closed in the green on Friday after a 3-day losing streak. Sectorally, buying was seen in IT, realty, banks, and autos while selling was visible in healthcare, consumer durables, and public sector stocks. Stocks in focus include Ramco Cements, Gland Pharma, and Adani Total Gas. Swastika Investmart’s Sr. Technical Analyst Pravesh Gour recommends buying Ramco Cements due to its breakout from an inverse head and shoulders formation and selling Gland Pharma due to a breakdown of a long consolidation formation. Adani Gas is a risky buy due to a significant price decline and it trading below its all-important moving averages.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an