Indian market is expected to consolidate, mirroring mixed global signals. Nifty futures saw slight gains, closing at 25,541, while India VIX experienced a rise. Options data suggests a trading range between 25,000 and 26,000. Experts recommend buying RIL, IOC, CESC, Sun Pharma, Apollo Tyres, Britannia Industries, ICICI Prudential and Voltas, setting specific targets and stop-loss levels for short-term traders.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an