Nifty broke down its upsloping trend line support and slipped below the 20-SMA (18,528), indicating weakness ahead in the near term. If Nifty remains below 18,500, it will witness supply on any minor pullback.
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI’s new proposal for NBFCs
Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products.