Q3 GDP booster, Feb auto sales data among 8 factors that could impact D-Street trade this week
Rupak De, Senior Technical Analyst at LKP Securities, commented that Nifty continues to stay in the bearish zone. He noted that in the short term, Nifty is likely to find support between 21,800 and 22,000.
SaaS player Excelsoft Technologies files DRHP with Sebi for Rs 700 crore IPO
Saas company Excelsoft Technologies has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise Rs 700 crore through an IPO.
IPO Calendar: Muted market sentiments limit offerings to just 1 this week
Although the primary market is currently quiet, analysts remain optimistic about the long-term outlook. Around 1,000 IPOs are expected to launch over the next two years, with prominent companies like Zepto, LG India, and Reliance Jio preparing to go public.
From upcoming financial year onwards, all schemes’ funds must flow via single nodal agency: FM Sitharaman
Finance Minister Nirmala Sitharaman has instructed the Department of Expenditure to route all funding for schemes through a single nodal agency from the next fiscal year. She emphasized the role of the CGA to support states in adopting this system, which has already saved over Rs 11,000 crore since 2021-22.