Rupak De, Senior Technical Analyst at LKP Securities, anticipates Nifty may end January with a loss, marking a fourth consecutive month of correction, a rare event in 23 years. With major events like the budget ahead, non-directional strategies are recommended. He suggests buying Britannia, Macrotech, and InfoEdge in the budget week.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.