Vedanta Resources’ US dollar bonds saw a slight recovery on Thursday after a previous dip triggered by Viceroy Research’s report raising debt sustainability concerns. Despite Viceroy’s accusations of a “ponzi scheme,” JPMorgan and Bank of America countered, stating that Vedanta’s financial stress appeared limited.
Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this week
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week