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The structure of markets is bullish, Nifty looks set to hit 16,800 and the downside looks capped
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On the BSE, Krsnaa Diagnostics opened at Rs 1,025, at a premium of 7.44% or Rs 71 over its issue price of Rs 954 per share.
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On the BSE, Devyani International opened for trading at Rs 141, at a premium of 56.67% or Rs 51 over its issue price of Rs 90 per share.
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The stock opened at Rs 437 on the National Stock Exchange (NSE) and at Rs 439 on the BSE.
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The Rs 161.08 crore public offer received bids for 25,96,52,625 shares against 1,14,50,675 shares on offer, as per an update on the exchanges
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Sectoral indices on the NSE were mixed. Nifty Pharma falling nearly 1% was the top sectoral laggard followed by Nifty Media and and Nifty Auto.
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Mudit Goyal of SMC Global Securities is positive on Tech Mahindra with target price of Rs 1,410.
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Retail sales in China rose 8.5% in July as compared with a year ago, according to official data released Monday.
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Asian stocks traded lower on Monday as the delta virus strain hampers economic reopening and as investors reacted to the release of economic data.
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HAPPY INDEPENDENCE DAY: Financial freedom is available to all those who learn about it and work for it