The Indian market is likely to consolidate on Wednesday, following mixed global cues. The Nifty futures closed positive on Tuesday, gaining 0.43% to settle at 24,534 levels. On the options front, the maximum Call Open Interest (OI) is at the 25,000 strike, followed by the 24,500 strike.
Ather Energy IPO crosses the line in final hours of Day 3; retail portion booked 1.55 times
Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors