Nifty formed a small positive candle on the daily chart, indicating a bullish counterattack after a false downside breakout. Technicals suggest a range-bound movement between 23,500-24,000, with potential upside toward 24,000, supported by open interest trends.
Banks park big money with ‘rival’ mutual funds
In 2025, Indian banks are unusually investing heavily in mutual funds, with investments surging 91% to ₹1.19 lakh crore. This shift is driven by suboptimal