SBI Securities’ Sudeep Shah expects Nifty to remain range-bound, with 24,000 as key support and 24,500 as resistance. He warns of underpriced options-market tail risks amid low volatility. Bank Nifty remains compressed, while Nifty IT faces support at 30,000. AU Small Finance Bank, Aditya Birla Capital and Nippon Life offer setups.
Mom’s Belief operator to launch IPO on Sep 1
On September 1, Rays of Belief Ltd will make its debut in the stock market with an initial public offering. With ambitious plans to open