Market analyst Mayank Jain advises investors to watch macro data and corporate earnings. Nifty surpassed 25,000 after the RBI rate cut. Immediate resistance for Nifty is at 25,100. Bank Nifty faces resistance at 57,000. Interest rate-sensitive sectors saw rallies. FII selling was offset by domestic investors. The Trump-Musk spat impacts Tesla’s stock.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative