Nifty 50 held on to the crucial support zone of 21,900 – 21,850, which coincided with the 20-day moving average and the 50% Fibonacci retracement level of the rise from 21530 – 22249.
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders
The spike in Bajaj Finance shares came after the RBI slashed the repo rate by 50 bps and CRR by 100 bps, unlocking Rs 2.5
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