Indian markets are experiencing a cheerful mood. Nifty has broken out of its consolidation phase, indicating potential for new highs. Bank Nifty is already in uncharted territory. Analysts suggest a ‘buy on dip’ strategy. IndusInd Bank and Dr Reddy’s are highlighted as stock recommendations with good risk-reward potential. Investors can look forward to further market gains.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.