The Indian markets closed lower, with the Sensex down 398 points and the Nifty slipping 122.65 points. The Nifty’s recent swing low of 24,753 may provide short-term support, while 25,200 remains strong resistance. High open interest is noted at 25,000 and 24,800 strike prices.
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
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