This was the second consecutive day the rupee appreciated past the 85 levels, but could not sustain there due to likely intervention by the Reserve Bank of India. RBI also likely intervened around the weaker 85.38/$1 levels by selling dollars, traders said.
Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal
Vikas Khemani of Carnelian Asset Management remains optimistic about Indian markets, citing a strong domestic growth story and the resolution of major global uncertainties. While
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