Mazhar Mohammad of Chartview India is positive on Bank of Baroda with a target price of Rs 97
Volatility in the global markets as well as global slowdown may impact foreign flows moving into domestic market
The portion allocated for the qualified institutional buyers (QIBs) was subscribed 10.36 times.
Lovelesh Sharma, Technical Analyst, Finversifym gives an outlook of how the markets performed this week on Bazaar Weekly.
Traders are advised to maintain a bullish bias going ahead but should remain vigilant of any break of newly established support in global indices.
While the 17,600 acted as strong support for the Nifty on the higher side 17,900-17,950 continued to act as a sturdy wall.
Overall, market breadth was positive as 1,847 stocks advanced on the BSE, while 1,458 declined and 148 remained unchanged
CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.
Shares of the company on October 1 made a dream debut and were 185% higher at the close of trade against their issue price
Overall, the market breadth was negative as 1,847 stocks on the BSE declined, while 1,443 advanced and 156 remained unchanged