The fourth quarter earnings season is nearing its end. Around 200 companies will announce their quarterly numbers on Friday. JSW Steel is expected to show improved earnings. This is due to better realisations and lower input costs. Ashok Leyland and BEML earnings are also awaited. Investors will be keen to hear management commentary on debt and capex.
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.