The Nifty closed lower on a negative note, breaking below its 200-day EMA support. The volatility index India VIX surged, indicating increased market volatility. The short-term trend is bearish, with support at 23,300 and resistance at 23,600. The highest OI on the call side is at 23,500 and 23,600, while on the put side, it’s at 23,400 and 23,300.
FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs
Indian Finance Minister Nirmala Sitharaman raised concerns about insurance mis-selling, emphasizing its contribution to higher borrowing costs for customers. She urged banks to focus on
November 18, 2024