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"For Nifty50, the 17,000 is the crucial support followed by the swing low of 16,836, any breach of which can trigger a major concern for investors. On the higher end, the 50 per cent Fibonacci, placed around 17,380, is expected to act as the immediate resistance," Krishan said.

The company plans to transfer five NPA accounts totalling Rs 1300 crore into the bad bank initially, managing director Shanti Lal Jain said.

An ET poll comprising 22 respondents predicts that at its three day policy review ending Thursday, the RBI’s Monetary Policy Committee will raise the reverse repo rate, which for long has dictated the overnight cost of funds for banks

“Our CASA has grown by 12% and our CASA ratio has gone up from 37% two years back to 44% now, 300 bps up YoY, says Sanjiv Chadha. ”

JSL continued to register profitable growth by harnessing export markets, while maintaining total sales level on a year-on-year basis.

In the international market, gold was trading in the green at USD 1,812 per ounce and silver was flat at USD 22.75 per ounce.

On the technical charts, the 200-day moving average of the stock stood at Rs 114.76.

The Gautam Adani-led company is commanding a premium of Rs 22-25 in the unofficial market, merely 10 per cent over its issue price of Rs 230, which was about Rs 35 on Friday. The issue was commanding a premium of Rs 100 earlier

Most investors have chosen the “spray and pray” approach — invest across the spectrum instead of one company (in OEMs such as Tata Motors or TVS; in auto ancillaries like Greaves Cotton, Alicon Castalloy or Minda, and in software developers like Tata Elxsi or KPIT)

“We are very comfortable with the growth coming back in microfinance and also other verticals. So the growth will be diversified rather than focussed on one segment.”