Sensex and Nifty indices closed higher on Tuesday due to late buying in banking stocks and a positive global market trend. Maruti Suzuki fell 4.16%, Cipla dropped 1.6%, and Adani Ports surged nearly 2%. Experts advise investors to buy on dips for these stocks with specific target levels.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.