The Nifty’s short-term trend remains weak, but a smart recovery near 23,500 levels suggests a potential upside bounce. A sustained move above 23,800 levels could confirm this recovery. Immediate support is seen at 23,496 levels, according to Nagaraj Shetti of HDFC Securities, indicating possible market strength if the resistance is surpassed.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an
August 27, 2026