Nifty closed positively at 23,250, with India VIX dropping 6.7%, indicating lower volatility. Analysts see support at 23,000 and resistance at 23,340-23,500, favoring a buy-on-dips strategy amid pre-budget optimism in infrastructure and consumer stocks.
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.
Iran’s currency has plummeted to a staggering 2.02 million rials against the US dollar, reflecting deepening economic strain as Washington gears up for more sanctions.
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