Market strategist Rohit Srivastava suggests Indian equity markets are nearing a short-term bottom after a four-day correction. He anticipates a resumption of the upward trend as short-term indicators become oversold. Srivastava also notes ongoing rotation within the banking sector, favoring PSU banks and NBFCs due to their stronger growth prospects compared to private banks.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The