NIFTY FUTURE REVIEW(13th July)

Nifty rallied for third consecutive day and closed at 30-month high, led by buying interest in technology, financial, realty, metal and select capital goods companies’ shares.

Cash conditions in the banking system will return to comfortable levels by the end of July.

India’s industrial output rose at its slowest pace in seven months in May, but slower-than-forecast growth is not expected to stop the Reserve Bank of India (RBI) from raising interest rates later this month.

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