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The Nifty chart for monthly expiry is likely to consolidate within the bands of 21500 and 21700, with support at 21,300. A breakout on either side would confirm a directional move, with a move above 21700 inducing an up move. The negative correlation between Nifty Bank and Nifty IT is expected to continue as HDFC Bank stock selloff has been contained. Rail stocks like IRFC and RVNL continue to gain momentum, making them attractive for trading. Top ideas for the week include buying RITES, BPCL, and OIL stocks.

Railway stocks continue to rally ahead of the 2024 Budget. Ircon International leads the pack, gaining 15% and hitting a fresh 52-week high. Indian Railway Finance Corporation (IRFC) also rose 10% to reach a new 52-week peak. Other stocks, including RVNL, IRCTC, Titagarh Rail Systems, Jupiter Wagons, Texmaco Rail & Engineering, and RITES, soared up to 10% and hit their 52-week highs.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

Bitcoin briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, a decline of 3% in the past 24 hours. Smaller tokens like Ether, Solana and Polkadot also struggled.

The offer proposed selling up to 2.50% of the paid-up capital and an additional 1% in case of over-subscription at a floor price of 66 apiece. The indicative price for the bid was 70.20. Shares of NHPC gained 3.80% on Friday to close at 73.80.

Foreign investors and domestic institutional investors who have been allotted shares are -- Quantum- State Investment Fund, Neomile Growth Fund, AG Dynamic Funds limited and Saint Capital Fund.

Total income increased to Rs 9,139 crore during the quarter under review against Rs 7,636 crore in the same period last year, the Central Bank of India said in a regulatory filing.

Net profit rose to ₹19,641 crore from ₹17,706 crore in the year earlier. Revenue from operations was up 3.2% to ₹2.48 lakh crore from ₹2.40 lakh crore.

Banks want clarity on this as well as the possibility of writing back provisions for valuation losses, said a person familiar with the move.