RBI battles currency shock, worry over March import bill & coal supply stress - Top Headlines

RBI battles currency shock, worry over March import bill & coal supply stress - Top headlines After a volatile start driven by war jitters, yesterday markets staged a sharp late rebound, aided by value buying and a record rupee surge following RBI’s clampdown on speculative currency trades that may have unwound up to $40 billion. - Stoc on radar

Yet, macro pressures persist, with West Asia tensions set to inflate India’s import bill. Stress is also emerging in the power sector, as coal shortages hit coastal plants ahead of peak summer demand. Meanwhile, tax scrutiny on global trading firm Jane Street. Also, technically we are near RSI 40 on daily chart on nifty which is strong supply zone for now. Nifty support zone for now is 22550-22600 All this is for information. this is not a buy/sell recommendation. thank you, Technofudna24