Fino Payments Bank may continue to remain under pressure post listing because of valuations concerns, competition, and regulatory challenges.
The need of the hour is to have a balanced portfolio with a mix of defensive stocks & sectors, debt, and cash in hand, after the super rally.
In the week ended on Friday, the Sensex jumped 619.07 points or 1.03% to settle at 60,686.69. The Nifty 50 index surged 186.57 points or 1.04%.
A successful portfolio is one where there is a balance among the various asset classes and a conservatively managed
According to Peter Lynch, “If you are in the right sector at the right time, you can make a lot of money very fast”
Most sectoral indices ended the day in the green with Nifty IT zooming 2.10% followed by the Nifty Realty index gaining 1.65%.
Investors can bid for a minimum of 21 equity shares and in multiples, thereafter, translating to a minimum bidding amount of Rs 14,490.
According to Edelweiss Alternative Research, the fresh addition and deletions will lead to a total inflow of $1.2 billion.
The issue received bids for 6.39 crore shares as against 96.63 lakh shares on offer.
Tata Steel reported an increase of 661% in its consolidated net profit to Rs 11,918 crore for the second quarter.