Benchmark indices fell over 1% due to ongoing foreign fund withdrawals and new US tariffs. Stocks like Vodafone Idea, IRCTC, and HAL saw declines of 4%, 3%, and 3.6%, respectively. Riyank Arora, a Technical Analyst, advises cautious trading with specified stop losses for these stocks, highlighting their current support levels and potential upward targets.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.