In September, the Securities and Exchange Board of India (Sebi) announced it would be introducing a special confidential filing framework through which companies will be able to file offer documents privately with the market regulator and seek its comments. They needn’t file any public offer document until the actual launch of the IPO. Sebi will soon publish the final guidelines on this framework.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 25, according to stockedge.com’s technical scan data.