Between now and November 30, $21 billion worth of shareholder lock-ins across 38 companies will expire. This includes shares from Ceigall India, Unicommerce, and Firstcry, among others. Not all unlocked shares will immediately hit the market, as some are held by promoters.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments