A weakness in the next session below 17,348 can drag it towards 17,160. Strength can be expected only at a close above 17,500, which should expand the rally towards 17,800,” said Mazhar Mohammad of Chartviewindia.in.The analyst advised traders to avoid long positions in the index unless it closes above 17,500.
Turtlemint IPO ends with 1.2x subscription, QIBs lead demand
Turtlemint Fintech Solutions’ ₹883-crore IPO saw robust demand, closing Tuesday with a 1.20 times subscription. Qualified Institutional Buyers led the charge, subscribing 1.59 times, while