India’s largest stock exchange, the National Stock Exchange (NSE), has finally received regulatory clearance from the Securities and Exchange Board of India (SEBI) to move ahead with its long-awaited initial public offering. The development marks a major milestone after the exchange faced several delays for nearly a decade due to regulatory and governance issues.
IPO reality check: Since 2024, 198 IPOs launched but only about 35 delivered sustainable long-term gains. Many now trade below issue or post-listing highs. Listing hype fades fast — capital protection matters more than chasing momentum.
NIFTY OUTLOOK: 24480.50 | FII: Rs. -8752.65 cr. | DII: Rs. 12068.17 cr.
As discussed yesterday, market behaviour remained on expected lines during the day, as continued bearish sentiment dragged Nifty sharply down to 24305.40.
Despite Nifty holding above 24600, most cash stocks continue to drift lower, keeping retail sentiment weak. As per market grapevine, sustained pressure may divert flows toward safer avenues like bank FDs, PPF, debt funds, gold and silver.
NIFTY OUTLOOK: 24865.70 | FII: Rs. -3295.64 cr. | DII: Rs. 8593.87 cr.
As discussed yesterday, market behavior remained on expected lines. Continued selling pressure dragged Nifty sharply lower to 24603.
Friday saw broad-based selling — over 400 Nifty 500 stocks declined, with FMCG, auto components and MFIs under pressure. Nifty 50 slipped below its 200-DMA and 25,200, with the monthly trend turning weak and 24,600 seen as the next key support. As per market grapevine, rising promoter supply and IPO focus by large players are keeping cash stocks subdued, leading to cautious retail sentiment.
NIFTY OUTLOOK: 25178.65 | FII: Rs. -7536.36 cr. | DII: Rs. 12292.81 cr.
(2nd – 6th March 2026)
As discussed in the previous report dated 23rd February 2026, market behaviour remained on expected lines during the past week. Nifty faced selling pressure on the upside and slipped to a weekly low of 25141.3.
Friday global cues weak: Dow -521 pts., Nasdaq -210 pts., S&P -30 pts., Dow futures -624 pts., indicating a gap-down or flat start for Indian markets on Monday. Budget-day low may be re-tested in March; a breach could trigger further downside amid liquidity tightness. Focus on fundamentally strong stocks with solid 9MFY26 and positive Q4FY26–Q1FY27 outlook; in uncertain phases, capital protection remains key.
Transrail Lighting secured Rs.2,350 cr. orders, which may lead to FY26 inflow of Rs.7,980 cr., taking the order book to Rs.17,610 cr. Strong visibility supports FY26 EPS of Rs.38.
Canara Bank delivered 23% higher Q3 EPS of Rs.5.8 and 9M EPS of Rs.16.7, which may lead toFY26 EPS may reach Rs.23. The stock trades at 6.7x P/E and 0.94x P/ABV, attractive vs PSU peers.
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