In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database.
Going long is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts.
However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
Markets were on a smooth course during the last week until a tsunami hit them on Wednesday. Even two trading sessions later what happened on that day remains a mystery.
Markets were on a smooth course during the last week until a tsunami hit them on Wednesday. Even two trading sessions later what happened on that day remains a mystery.On that fateful day, markets made new highs with BSESENSEX touching .