Indian markets showed strong gains following eased geopolitical tensions. Nifty recorded significant single-day growth. Volatility decreased substantially. The uptrend is expected to continue with support at 24000. Sector rotation is anticipated, potentially shifting leadership to FMCG, Auto, and Pharma. Vigilance is advised to protect existing investments. Resistance is expected at 25175 and 25350. Support lies at 24800 and 24630.
MEIL’s MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
PV Krishna Reddy, managing director of MEIL, is seeking ₹1,500 crore in debt financing from firms like Elham Credit and Oaktree Capital to fund the