Nifty 50 closed lower due to state-run banks, while S&P BSE Sensex closed slightly higher. Analysts suggest selling if Nifty breaches 22348 or rises to 22570-22620. US markets rose on Fed rate cut hopes.
India Business News: Kotak Mahindra Bank's CEO, Ashok Vaswani, plans Rs 1,700 crore tech upgrades to address RBI's concerns. The bank recorded a 18% increase in net profit