Sneha Seth from Angel One advises traders to stay light as Nifty may correct further below the 22,000 mark. The banking index shows support around 48,000 and resistance near 50,500. Godrej Consumer Product is recommended for buy positions with a target of 1220.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an