Indian market is likely to consolidate on Monday with a mixed opening influenced by global cues. Nifty closed positively on Friday and is expected to trade within a broader range of 23,300 to 24,300 zones. Key support is seen at 23,650 to 23,500 levels.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an