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A $5 billion dollar-rupee swap from late January is set to reverse on Monday, potentially removing 43,000 crore from the banking system if the RBI delivers dollars fully. This operation, part of a series to ease liquidity, coincides with existing surplus liquidity and an upcoming CRR cut.
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News and Media
Nifty has been on a five-week decline, facing resistance around 24,800-25,000, and may continue to experience pressure. Analysts suggest healthcare, cement, and FMCG sectors could show strength, while advising caution on IT and metal stocks. A break below 24,500 could trigger further selling, with potential support levels around 24,000-23,800.
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News and Media
Foreign portfolio investors (FPI) significantly increased their investments in the Indian primary market in July, reaching $1.7 billion, driven by a surge in IPO activity. However, FPIs became net sellers in the secondary market due to global uncertainties, resulting in a net outflow when considering both primary and secondary markets.
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News and Media
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