The China Central Bank Governor Pan Gongsheng, earlier last week had announced plans to lower borrowing costs and inject more liquidity into the economy while also announcing that the reserve requirement ratios (RRR), the percentage of cash banks are required to hold as reserves, was cut by 50 basis points (bps), later in the week.
Bearish sentiment intensifying, Nifty support at 23K: Rupak De
Nifty faces bearish sentiment, with support at 23,000, and Bank Nifty potentially drifting toward 48,000. TCS shows positive momentum post-results, while midcaps may see further
January 12, 2025