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Unlike the mad rush witnessed in the past few months, the response for IPOs in August was subdued especially from retail investors who were selective.
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The next tranche of the scheme will be open for subscription for five days from August 30
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After raising Rs 100 crore in a pre-IPO placement, the company has reduced its fresh issue size to Rs 200 crore from Rs 300 crore
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On Friday, the BSE benchmark Sensex closed above the 56,000-mark for the first time and had climbed by 175.62 points
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Earlier this week, the two exchanges BSE and NSE asked investors to refrain from investing in unregulated derivative products
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The market regulator also imposed a penalty of Rs 50 lakh on Kotak Mahindra AMC, which is to be paid within 45 days
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The Nifty Metal index was the star of the day with gains of 1.63%, followed by the Nifty Pharma index advancing 1.38%.
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Sensex settled 175.62 points or 0.31% higher at 56,124.72, while the broader NSE Nifty gained 68.30 points or 0.41% to close at a record 16,705.20
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Despite a subdued quarter, most companies gave a strong outlook going forward, with demand expected to improve from Q2FY2022
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Investors must stick with quality stocks, ensure their positions are well hedged