Although the Nifty’s short-term trend is still weak, the market shows promising signs of a sustainable recovery after a minor dip. According to Nagaraj Shetti of HDFC Securities, crossing the 25,150 level is crucial for confirming a potential upward trend reversal. He also notes that immediate support lies at 24,750.
Mutual fund NFOs: 6 new funds to open for subscription this week; ICICI Prudential MF to launch 3 life cycle funds
Around six new mutual fund schemes will open for subscription between August 24 and August 28. The upcoming launches include three target-date life cycle funds