Indian equity market is seeing caution as Nifty has slipped below 25,000. Market participants are watching support levels. Nifty may head towards 24,800. Bank Nifty is hovering around 55,000. Tata Motors is under selling pressure. MCX is showing strength. Market watchers advise monitoring key levels for further downside pressure. A long-short approach is suggested for investors.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana