Mid-Day Pulse: RBI's dollar plan lifts Bank, bleeds IT
Bank Nifty climbs 0.52% to 54,591 as the RBI's five-point dollar inflow strategy overshadows a rate hold, slashed growth forecasts, and higher inflation projections. FPI capital gains tax on govt bonds scrapped; concentration limits eased. IT bleeds 0.60% as the rupee surges to 95.24. Stocks moving: Zee Entertainment, Tata Teleservices, Jyoti CNC, Kirloskar Brothers, ACME Solar, Rajesh Exports, Wipro, ICICI Bank. For more, askfuzz.ai.
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