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Experts say, Nifty could continue to rise gradually but the broader markets could take time to complete their correction
The enhanced overall limit will be applicable for 10 years from the date of the company's incorporation
The regulator has also reduced the minimum lock-in of pre-IPO securities held by persons other than promoters to six months from the date of allotment
Most sectoral indices on the NSE closed in the red. IT and FMCG stocks led the rally, while metals, banks and financials were under pressure.
BSE Sensex surged 209.69 points or 0.38% towards the fag-end of the trading session to settle at record 55,792.27
Large-caps are now leading the rally and broader markets are seeing profit booking
Data showed that 10 Nifty companies logged more than 100% growth in net profit in Q1FY22, while eight companies turned around
Grey market premiums are falling primarily due to yesterday's weak listing of the 4 IPOs, specially Krsnaa and Windlas which affected the sentiments.
Anand Rathi continues to expect strong replacement demand for higher-tonnage and multi-axle vehicles to kick in by H2 FY22.
After hitting an intraday high of Rs 951.80 in early deals, the scrip traded 15.56% higher at Rs 916.60 apiece at around 10 am (IST)