The value of trades in the interbank call money market, which helps lubricate the financial system and is the operating target of the RBI’s monetary policy, has shrunk nearly 40% in the past four years, official data showed. Meanwhile, trades in the two other money market segments – market repos and tri-party repos – have trebled, posing a tricky question for the RBI about its rate-action impact on the economy.
Negative Breakout: These 9 stocks cross below their 200 DMAs
In the Nifty500 pack, nine stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 21, according to technical scan data from StockEdge.