Nifty50, driven by budget and global sentiments, rallied during the first half and closed the week on a positive note
While domestic inflation increased, what is more concerning is that US inflation reached a four-decade high
This week, Bank Nifty anchored the market's surge as fresh interest in banking equities emerged
As long as it does not fall below 17,100, we suggest traders maintain a neutral to mild bullish outlook
Bank Nifty index closed the week on a negative note, facing resistance around 37,300 levels post a brief bounce
Nifty 50 closed positive for the second week after witnessing a bounce from the demand zone around 17,000
According to Peter Lynch, “If you are in the right sector at the right time, you can make a lot of money very fast”
However, whether or not this trend continues will be decided only by whether these startups deliver on their ambitious claims.
Before subscribing, retail investors should analyse not just the potential listing gains, but also the fundamentals and valuations of the IPOs.
The equity market may struggle to hold its footing next week and is likely to stay range-bound.