We believe that once Nifty spot crosses 22,500 and if Bank Nifty manages to cross above 48,200 marks, then there could be another round of short-covering we can witness in Bank Nifty and then rally can extend to 48,700 also for Bank Nifty and then we can see some participation from the PSU bank also.
IndusInd raises Rs 11,000 crore via CDs in confidence boost
The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has