Market Bizzz

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Importantly, Nifty has rolled inside the improving quadrant of the RRG; this may lead to the large-caps starting to relatively outperform the broader mid and small-cap space over the coming weeks. A stable start is expected for the week; the levels of 19880 and 20075 may act as resistance points. The supports are likely to come in at 19535 and 19410.

The bank will issue 10-year tier-II bonds worth Rs 2,000 crore, with the greenshoe option to raise another Rs 3000 crore. Further, the bank will issue 7-year infrastructure bonds amounting to Rs 2,000 crore, with a greenshoe option to raise an additional Rs 8,000 crore.

“The pulling of the brake by the RBI on this unsecured lending by banks and other lending institutions is a welcome step.”

On Thursday, among other steps aimed at de-risking the credit market, the RBI announced an increase in risk weights on loans given by banks to NBFCs, effectively pushing up capital needs for all classes of lenders. That will mean higher interest rates for all borrowing segments.