Street signs: Global tech leader in 30 yrs, Nifty50 near key support & more

Benchmark indices fell nearly 4 per cent last week, following interest rate hikes by the Reserve Bank of India and the US Federal Reserve

A global tech leader in 30 yrs

Finance Minister (FM) Nirmala Sitharaman wants Indian markets to take the lead over global peers when it comes to the use of technology (tech).

Speaking at an event marking 25 years of the National Securities Depository, she said, “In the next 30 years, India should be moving much ahead of the world. We should be setting new benchmarks. The Securities and Exchange Board of India (Sebi) is here for this purpose by being a lot more open-minded, progressive, and forward-thinking regulator.”

The FM hailed the markets regulator’s move to shift to