An injection of funds by the RBI implies deficit liquidity conditions in the system. Outflows on account of quarterly corporate advance taxes and goods and services tax have drained banks of funds.
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30
Technology spending is now essential, with Indian IT firms poised for continued growth despite cyclic slowdowns. HDFC Technology Fund adopts a bottom-up approach, balancing industry
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