Nifty breaks five day falling spree
India, Feb. 23 -- Snapping its five days losing streak, key benchmark Nifty ended the day's trade above its crucial 14,700 levels on Tuesday. Market made positive start, as the latest RBI policy minutes show that Governor Shaktikanta Das opined that growth momentum needs to be strengthened for a sustained revival of the economy and quick return to the pre-Covid trajectory while pitching for a status quo on rates. Further, market continued its trade in green zone with domestic rating agency Icra stating that the monthly collections, including overdues in its rated retail loan pools originated largely by NBFCs and HFCs, have reached pre-moratorium levels as of December 2020. However, it said for its rated microfinance players, collections are...
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