Nifty is poised for further gains, driven by easing geopolitical concerns and robust FII inflows, targeting 25,200-25,800 if it holds above 24,800. Midcaps and smallcaps are outperforming, indicating strong risk appetite. Metal and PSU sectors show breakout potential, with specific stock recommendations including SAIL, Tata Steel, HDFC AMC, and Eternal.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next