“There is a lot of discomfort about market valuations at current levels, while foreign investors are also not bullish,” said Siddarth Bhamre, head-research, Religare Broking. “It may not be a good idea to make aggressive purchases at current levels.”
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an
Nifty ended at 23,140.50 after an eighth consecutive weekly decline, with technical indicators remaining bearish. Analysts identify 23,300 as key resistance and 23,000 as options-based
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