Nifty: Nifty remains in an uptrend despite recent weakness, forming a higher bottom. A breakout above 23,500-23,600 could trigger further gains. Analysts expect bullish momentum, with resistance at 23,800 and potential upside toward 24,050. Support lies at 23,200-23,250.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next