“SBI prioritised real money investors over hedge funds, closing the fundraise at $600 million. After initial price guidance at T+150 basis points, SBI attracted interest from investors for $3.5 billion,” a source told ET on the condition of anonymity. One basis point is a hundredth of a percentage point.
Tech view: Nifty breaks 25,500 resistance, forms long bull candle. How to trade on Monday
Nifty’s short-term trend is strongly bullish after Friday’s significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target,
September 20, 2024