The Nifty Bank index opened strong and continued its bull run but it failed to hold on to the momentum and witnessed some profit booking at higher levels. The index formed a ‘Doji’ kind of candle on the daily charts which suggests indecisiveness among the bulls and bears.
Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data shows
Overseas deposits from the Indian diaspora significantly boosted the country’s capital account surplus. This inflow helped offset the overall current account deficit recorded for July.