Vaishali Parekh, VP- Technical Research at Prabhudas Lilladher, believes that the Indian stock market may continue its rally as the Nifty 50 index has sustained above the 24,000 mark. 📌Wipro: Buy at ₹510.80, target ₹532, stop loss ₹500; 📌JSW Energy: Buy at ₹735.55, target ₹763, stop loss ₹720; and 📌Petronet LNG: Buy at ₹320, target ₹335, stop loss ₹313.
Open FlipIndia's central bank, RBI, is closely monitoring household debt due to a decline in household savings to 18.4% of GDP in FY23 from 20% over 2013-2022, and an increase in financial liabilities. The share of net financial savings in total household savings has also fallen to 28.5% in 2022-23 from 39.8% during 2013-2022.
Open FlipRBI's Financial Stability Report highlights the risks of financial institutions' dependence on artificial intelligence and third-party IT services, which could lead to system-wide cyberattacks. Recent incidents have caused significant disruptions in interbank transactions and payment failures. Urban cooperative banks have seen the highest share (41%) of high-risk cyberattacks.
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