Nifty is expected to see a gradual recovery in the short term despite recent corrections. Key levels to watch include 23,600 on the upside and 22,000–21,800 as support. Stocks like KSB and BHARTIARTL show potential, while INFY may face further downside.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows