Reliance Industries’ treasury department is exploring strategies to manage its cash reserves amid potential interest rate hikes by the Reserve Bank of India. Traders are considering shifting funds to short-dated money market instruments, anticipating capital gains as yield spreads are expected to narrow. The company’s discussions precede an upcoming RBI rate decision, with markets anticipating potential hawkish measures.
Market wrap: Sensex closes flat, Nifty holds 23,400; Titan, Eternal lead gains
Indian stock markets finished the trading session with minor gains. The Sensex and Nifty saw fluctuations throughout the day before settling higher. India VIX, a