Sensex and Nifty hit record highs, driven by PSU banks and foreign inflows. Aurobindo Pharma rose 20%, with an overbought RSI, trading 9.5% above the mean. Tanla Platforms nears its 50-week average, trading sideways. IDBI Bank shows strong demand at 76, with the highest quarterly trading volume, and momentum approaching breakout.
Fusion Cx, Orient Cables among 7 companies to get IPO nod
Seven companies, including Fusion Cx and Orient Cables India, have received Sebi’s approval for their IPOs. Fusion Cx plans a Rs 1,000 crore issue, while