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.
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.
Investor interest in the clean energy space received a fresh boost after CleanMax Enviro Energy Solutions announced its public issue plans. The firm has fixed a price band of Rs.1000–Rs.1053 per share for its upcoming IPO.
Technical indicators suggest the Nifty 50 is currently trading near an important resistance band around the 25,700–25,800 zone. A decisive breakout above this range could open the path toward the 26,000 mark.
Foreign institutional investors have recently returned as net buyers, providing support to market sentiment after a phase of sustained selling. Improved liquidity conditions and stable macro indicators have aided the reversal in flows.
India’s primary market continues to show robust traction with a large number of firms preparing to tap the public markets. Market estimates suggest that more than 190 companies are lining up IPO plans targeting massive fund mobilisation.
The strong pipeline spans sectors such as fintech, telecom, and consumer internet, highlighting sustained investor appetite for new listings. The trend underscores confidence in domestic capital markets despite intermittent volatility in secondary markets.
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