[📢Source: Pitchbook]
[📢Source: Pitchbook]
The Indian stock market is showing signs of a short-term reversal on the upside, with a bullish piercing line pattern formed on the daily chart, and a sustainable upmove from the lows is expected to confirm a crucial bottom reversal pattern, with immediate support at 24,500 and next overhead resistance at 24,950-25,000 levels.
Open FlipRBI has lifted its ten-month-long restrictions on JM Financial Products after a special audit and rectification of regulatory and governance lapses. The company assures continued adherence to compliance standards in its financing activities. The company has a loan book of Rs 4600 crore and assets under management of Rs 7197 crore at the end of Q3FY24, according to the stock exchange disclosures.
Open FlipThe total amount of crypto-collateralized loans within 5% of their liquidation price is at its highest in over two years. The total amount of crypto-collateralized loans within 5% of their liquidation price is at its highest in over two years, according to IntoTheBlock. The surge in the so-called high-risk loans indicates potential liquidation cascades and market volatility ahead.
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