While the exact quantum of funds flowing to Indian sovereign debt is not in the public domain, bond traders pointed to an increase in the ownership pattern of the ‘others’ category of government securities as an indicator.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to