short-term

Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday

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Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday

Nifty ended the Thursday weekly expiry stronger by 370 points at record high levels to form a long bull candle on the daily chart. On the higher end, above 23,000, the index might move towards 23,500 in the short term. On the lower end, support is placed at 22,800; the strength could remain intact as … Read more

SBI: SBI increases deposit rates by up to 50 basis points

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SBI: SBI increases deposit rates by up to 50 basis points

MUMBAI: SBI has hiked interest rates on its short-term fixed deposits by 50 basis points — its biggest increase in recent months. Deposits between 1 week and 45 days will fetch 3.5% as against 3% earlier. For senior citizens, the return on these deposits will be 4% versus 3.5% earlier.The bank’s 400-day Amrit Kalash scheme … Read more