On the weekly chart, the index formed a small negative candle with a long lower shadow, which suggests the formation of a bullish hammer-type candle pattern at the lows.
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South
Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and
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