Market mayhem continued unabated but banking stocks improved marginally
The Reserve Bank of India announced a 250 basis point cut in three instalments in the cash reserve ratio of banks to improve liquidity. That, along with a ‘positive outlook’ for Indian banks announced by credit rating agencies helped bank stocks go up. Union Bank of India, Bank of Baroda and Bank of India went...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam