Banks are said to have substantially subscribed to recent issues such as Tatva Chintan Pharma, G R Infraprojects, Clean Science & Technology, Shyam Metalics, and Laxmi Organics. The qualified institutional buyers portions in all these IPOs were subscribed between 150 times and 180 times. With a strong IPO pipeline, bank treasuries are expected to raise their stakes in equities.
Banks are said to have substantially subscribed to recent issues such as Tatva Chintan Pharma, G R Infraprojects, Clean Science & Technology, Shyam Metalics, and Laxmi Organics. The qualified institutional buyers portions in all these IPOs were subscribed between 150 times and 180 times. With a strong IPO pipeline, bank treasuries are expected to raise their stakes in equities.
If all goes as planned, Nifty might be headed towards 16,500 level with no immediate resistance at higher levels with the bulls all charged up to crush the Call sellers. In the event of a corrective dip, its immediate support would now lie at 16,150.
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ETMarkets Investors Guide (ETMarkets.com)
16:49 Min | June 26, 2021, 1:24 PM IST
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Welcome to ETMarkets’ Investors Guide, a show about asset classes, market trends, and investment opportunities. This is Sabari Saran.
As the domestic equity indices rule at all-time high levels, most analysts on Dalal Street are advising investors to buy on dips , as they see earnings revival around the corner. But the problem is, the market has not offered any such opportunity in the last two months. From 47,700 level in late April to a near-record high of 52,900-odd level, the BSE Sensex has in fact risen 11 per cent during this period. Amit Mudgill of ETMarkets.com talked to Harish Krishnan, EVP & Fund Manager (Equity), at Kotak Mahindra Asset Management Company, to try and make sense of market valuations, figure out the