On the weekly chart, the index has formed a small bearish candle with shadows on both sides, situated near the critical support level of 23,000. This pattern indicates indecisiveness among market participants, with the 23,000 level serving as a key inflexion point.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk