New-age technology brands like Paytm, Zomato, Nykaa and Policybazaar, led a record Rs 1.2 lakh crore mop-up through initial public offerings (IPOs) in India dur
The Indian primary market was buzzing throughout the year. 63 companies collectively raised Rs 1,18,704 crore (USD 15.4 billion) through IPOs during 2021
New-age technology brands like Paytm, Zomato, Nykaa and Policybazaar, led a record Rs 1.2 lakh crore mop-up through initial public offerings (IPOs) in India dur
Tech Take: Nifty to target 16,300-16,600 in near term
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Synopsis Nifty ended up 245.60 points, or 1.55%, at 16,130.75 after touching an all-time high of 16,146.90 during the day. Technical analysts advise putting money in fast-moving consumer goods, IT, metals and real estate companies.
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Mumbai: Nifty could head to 16,300-16,600 in the near term after breaking the elusive 16,000-barrier. The index had been moving in a band of 15,500-15,900 for two months. It has now broken out of the zone and closed above 16,000, which has given further conviction that the rally will continue, said technical and derivatives analysts. Nifty ended up 245.60 points, or 1.55%, at 16,130.75 after touching an all-time high of 16,146.90 during the day. Technical analysts advise putting money in fast-moving consumer goods, IT, metals and real estate companies.