India Business News: Banks that depend on additional tier-1 (AT1) bonds to meet their capital needs may not be out of the woods yet. This, despite a finance ministry memo
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Domestic stocks look set to begin the week on a positive note, tracking firm global cues. All eyes would be on one IPO listing as the bidding process starts for two others later in the day.
Here s the breaking down of the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 96.50 points, or 0.64 per cent, higher at 15,125.50 in signs that Dalal Street was headed for a positive start on Monday.
Tech View: Nifty sets sight at 15,220
Nifty50 breached the swing high of 15,273 on Friday only to come crashing down later. Nifty50 seems to be moving sideways and is drawing support from its 20-day exponential moving average that stands at 14,957, as it bounced back after testing the said average in four out of the last five sessions to Friday. A close below the 14,950 level can accelerate the selling pressure.