Indian stock markets opened lower this week as global geopolitical issues impacted investor sentiment. The Nifty 50 fell below 25,200. Analysts suggest that dips present fresh buying chances. Banking stocks, particularly Axis Bank, are showing strength. HDFC AMC is also poised for upward movement. The market outlook remains constructive with a buy-on-dips strategy.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.