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Street signs: Nifty nears resistance zone, Sebi mulls exit load, and more

Worldwide, liquid funds do not have a concept of exit loads and Sebi could be stepping on tricky terrain, especially if it prescribes a specific load amount, say experts

Sebi. (Photo: Kamlesh Pednekar)
Sebi. (Photo: Kamlesh Pednekar)

Nifty nears resistance zone Improvement in the macro situation thanks to a drop in crude oil prices, stability in the rupee and retreat in bond yields have buoyed stock prices. The benchmark Nifty has rallied nearly six per cent this year. Even as fundamental factors remain positive, the markets are approaching a key resistance zone from a technical point of view. Experts say it would be challenging for the Nifty to breach 10,755 levels, where the 200-day moving average for the index is currently. The 50-share index on Friday ended at 10,682. Samie Modak Sebi ...