Nifty has been facing a lot of resilience around 22,500-525 on an immediate basis and there is a tug-of-war between the bulls and the bears for this make-or-break resistance level. As long as Nifty is holding above 22K, there is no major sense of panic as of now.
AIFs seek status quo as ‘foreign control’ rules go for a recast
Local alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows into India’s economy. The draft rules aim to