"Private banks witnessed a fatigue week although the sector witnessed improvement in business along with better asset quality," said Vinod Nair.
Before subscribing, retail investors should analyse not just the potential listing gains, but also the fundamentals and valuations of the IPOs.
The Nifty PSU Bank index advanced 1.45%, followed by the Nifty Pharma index jumped 0.72% and the Nifty Media index rose 0.63%.
The broader market also witnessed sell off. The S&P BSE Mid-Cap index fell 1.38% while the S&P BSE Small-Cap index declined 1.56%.
Major sectoral indices on the NSE were trading in the red with the Nifty Metal index tanking 1.84%.
Sensex ended at 61,143.33, down 206.93 points or 0.34%, while Nifty closed 57.45 points or 0.31% lower at 18,210.95
The market breadth was in the favour of the bulls as 1,659 shares advanced compared to 591 declining while 98 remained unchanged.
Australia's consumer price index rose 0.8% in the September 2021 quarter, data from the country's Bureau of Statistics showed Wednesday.
Sensex closed at 61,350.26, up 383.21 points or 0.63%, while Nifty ended 132.20 points or 0.73% higher at 18,257.60
Ease of buying and holding make passive ETFs a preferable choice for those investing via fintech platforms