Churning action is expected to continue for the next few weeks. Upside count of Nifty as per P&F chart continues to be open around 19,300, yet we are likely to see range-bound action between 18,500-18,900 in the near term.
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore
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