The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans.
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments
Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has raised Rs 260 crore in a pre-IPO placement round.
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