Tech View: Nifty’s breakout above 23,400 signals strong bullish momentum, reversing last month’s bearish trend. Analysts recommend a buy-on-dips strategy, with key resistance at 23,800 and immediate support at 23,300. Market reaction post-budget will determine further direction.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong