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Golden Cross is an important technical indicator of bullishness.

“Many of the stocks in the discretionary space are down. Now, what we need to think of is whether this is going to be a prolonged slowdown which will accelerate towards a bigger slowdown or as things stabilise, we will see a recovery. I would be more optimistic than pessimistic.”

Ola Electric expects to publicly list by the end of fiscal year 2024 and is looking to raise between $700 million and $800 million (Rs 5,836.3 crore to Rs 6,670.1 crore) at a $7-8 billion valuation (Rs 58,363 crore to Rs 66,701 crore), people in the know told ET.

Infosys on Monday said its CFO Nilanjan Roy has resigned from the company to pursue other personal aspirations. Nilanjan will continue to be with Infosys till March 31, 2024 as CFO.

The Reserve Bank of India (RBI) may ease overnight money market rates next month, as it tolerates government spending funds as long as durable liquidity reduces, in line with its inflation targeting aim. If government spending picks up in Q4 and system liquidity improves, overnight rates could fall back towards the Repo rate.

In 2016, BNP Paribas had acquired Sharekhan from a clutch of private equity firms, including Citi Venture Capital International (CVCi), Baring Asia Private Equity and Samara Capital, for ₹2,100 crore. "BNP Paribas wants to focus mainly on the banking business. They had earlier exited the mutual fund and wealth management businesses also," said the second person quoted above.

The government and the capital market regulator may take a relook at the maximum investment that an angel fund can make in a single company. At present the investment limit, capped at ₹10 crore, may be at least doubled, according to fund and startup industry circles.