RBI directive on unsecured loans: No big impact on banks & well-diversified NBFCs
November 17th, 2023 17:27
“Our initial assessment at this point in time is, if we were to look at something like a bank or a well diversified NBFC, the overall impact on capital may not be material. We are still reworking the numbers, but initial assessment does seem to suggest that the overall impact on the current capital would not be more than 75, 80 basis points as such.”
Tech View: Nifty shows strong resistance around 19,850. Here’s what traders should do next week
November 17th, 2023 17:27
The positive chart pattern like higher tops and bottoms is intact as per the daily chart and Thursday's swing high of 19,875 could be considered as a new higher top of the sequence. Hence, any decline from here could open a possibility of higher bottom formation around 19,600 -19,550 levels in the coming sessions, said Nagaraj Shetti of HDFC Securities.
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