According to Nagaraj Shetti of HDFC Securities, the Nifty’s overall trend is still positive. If it can maintain a position above 24,700, we could see it reach 25,000-25,100 soon. The immediate support level is at 24,500.
RBI accepts 95% of bond buyback ahead of monetary policy review
Ahead of its bi-monthly monetary policy review, the Reserve Bank of India (RBI) accepted ₹23,855 crore worth of bids in its bond buyback, 95% of