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Experts share insights on whether the markets will sustain the rally beyond the new highs or will they head for correction.
Grey market premium for Paras Defence is around Rs 200 per share, which is about 200% over the issue price
Volatility in the market will definitely increase and investors have to closely keep an eye on their new bets.
With the economy bouncing back and covid fears receding close to Rs 75,000 cr IPOs are still in pipeline in 2021-22.
The Nifty Private Bank index and Nifty PSU Bank index surged by around 5% last week.
Broader markets have also been performing well, with small caps outperforming in large margins and mid caps outperforming the blue chip stocks
Gurmeet Chadha, co-founder, Complete Circle Consultants, says investors should be selective as this is not the time to chase momentum.
Traders should refrain from taking aggressive bets owing to the probability of unanticipated whipsaw movements.
Cabinet approval for production linked incentives (PLI) for auto sector and relief measures for telecom sector boosted sentiments.
Traders can bet on SBI, Axis Bank and RIL for upside from the current levels.