The Indian market is expected to show mixed cues on Tuesday, following global markets. Although the BSE index rose over 400 points last week and the India VIX fell by 4.14%, options data suggest a broader trading range between 17,500 and 18,500 zones and an immediate trading range between 17,800 and 18,300 zones. Various experts have recommended stocks for traders with a short-term horizon, including Bharti Airtel, which is expected to trend upwards, and DLF, which has seen a breakout from a consolidation range.
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