The Nifty’s near-term trend remains weak, with the lower tops and bottoms pattern intact. The current pullback aligns with a potential new lower top, pending confirmation. A decisive move above 23,300-23,350 could strengthen the upside, while 23,050 serves as key support. Nagaraj Shetti of HDFC Securities highlights these crucial levels for market direction.
Credit card issuance hits strongest pace in more than two years
The additions were led, once again, by the country’s largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past