The Reserve Bank of India will ensure banking system liquidity stays above 1% of NDTL. The central bank reassured bankers about its strategy. Recent interventions in the currency spot market and festive season demand caused liquidity to briefly turn negative. The RBI plans to use measures like variable rate reverse repo auctions to maintain liquidity.
Negative Breakout: These 8 midcap stocks cross below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.