Overall market breadth was positive as 1,952 stocks on the BSE advanced, while 1,481 declined and 159 remained unchanged
Rajesh Agarwal of AUM Capital spoke to Money9 on what to expect from markets going forward
Asset management firms like Nippon Life India Asset Management, HDFC AMC, and UTI AMC are already listed on the stock exchanges.
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
Thus going ahead, despite the strength in the broader markets the benchmark index would have to push harder to clear the hurdle of 18,000 -18,200.
The portion allocated for the qualified institutional buyers (QIBs) was subscribed 10.36 times.
Traders are advised to maintain a bullish bias going ahead but should remain vigilant of any break of newly established support in global indices.
Overall, market breadth was positive as 1,847 stocks advanced on the BSE, while 1,458 declined and 148 remained unchanged
Shares of the company on October 1 made a dream debut and were 185% higher at the close of trade against their issue price