Shares of Tata Steel edged higher in the recent session, outperforming the broader market trend. The stock rose marginally even as the Sensex closed in the red, highlighting relative strength in the metal major.
Shares of Tata Steel edged higher in the recent session, outperforming the broader market trend. The stock rose marginally even as the Sensex closed in the red, highlighting relative strength in the metal major.
In a significant development, the Delhi High Court dismissed a petition challenging the market regulator’s clearance for the National Stock Exchange (NSE) IPO. The court observed that the plea appeared aimed at obstructing the listing process.
Banking heavyweight State Bank of India outperformed the broader market and touched a fresh 52-week high in the latest session. The stock advanced around 0.8 percent even as the benchmark index closed lower.
Indian equities witnessed mild pressure in the latest session with benchmark indices trading on a softer note. The BSE Sensex slipped amid broad-based selling, reflecting cautious global cues and profit booking at higher levels.
Shares of Fractal Analytics witnessed a subdued start on the bourses, listing below the issue price and reflecting cautious investor mood. The stock opened at Rs.876 on NSE, marking a discount of about 2.6 percent to its IPO price.
After a relatively quiet phase, activity in the primary market is picking up momentum with several companies preparing to tap investors in the coming days. Four public issues are scheduled to open between 20th February and 24th February, signalling renewed fundraising traction.
NIFTY OUTLOOK: 25819.35 FII 1154.34 cr DII 440.34 cr
As discussed yesterday, market behaviour remained on expected lines. Nifty tested the support of 25653, marking a day low of 25645.15, and bounced from there towards our resistance of 25800, making a day high of 25828.05.
The power of saying “I don’t know” builds wealth as humble investors who accept uncertainty and focus on goals, asset allocation and saving discipline often outperform overconfident participants who rely on predictions.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
