While stock-specific action drove benchmarks higher, domestic market sentiment was also buoyed by positive trend in global equities, traders said. 3:30 PMBuoyant Indian stock markets to correct: RBI governorIndia's central bank head weighs in on stocks. We have to keep the arsenal dry and we have to use that judiciously in the future,” he said. “We expect to see PSBs’ already weak capital buffers to be depleted, with Rs 1.9 trillion - Rs 2.1 trillion (USD 25 billion - USD 28 billion) in external capital needed over the next two years to restore loss-absorbing buffers,” Moody’s Vice President and Senior Credit Officer Alka Anbarasu said. 12:30 PMFPIs turn net buyers in June quarter; invest $4 billion in Indian equitiesIs the tide turning for Indian equities?

Source: The Hindu August 21, 2020 04:06 UTC