Benchmark BSE Sensex and Nifty declined amidst selling in key stocks like HDFC Bank and Reliance Industries. RIL fell 2%, Polycab gained 3.4%, and Pfizer India dropped 9%. Analysts suggest monitoring Polycab around Rs 4,500, RIL requiring a move above Rs 1,200 to signal recovery, and Angel One demonstrating persistent selling pressure with a support around Rs 1,750.
Scoda Tubes IPO opens for subscription: Should you invest?
Scoda Tubes launched its IPO on May 28, aiming to raise Rs 220 crore through a fresh issue of shares priced between Rs 130-140. Canara