Indian benchmark indices are likely to open lower amid weak global cues. SGX Nifty hinted at a negative start for domestic share market as Nifty futures traded 33 pts lower at 18719 level on the Singapore Exchange. In the previous session, the BSE Sensex declined 208 points to 62,626, while…
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Nifty may see more weakness till it remains below 18450, Bank Nifty may surge if it holds 39300
By Shivangi Sarda The Nifty 50 index opened flat to positive yesterday but failed to surpass 18450 zones and broke its immediate support levels. Bears took over the index and it fell sharply towards 18200 zones to finally close with losses of around 150 points. It formed a Bearish candle…
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Auto dealership chain Landmark Cars IPO to open on Dec 13; sets price band at Rs 481-506/share
Automobile dealership chain Landmark Cars Ltd on Thursday said it has fixed a price band of Rs 481-506 per share for its Rs 552 crore initial share-sale that opens for public subscription on December 13. The three-day initial public offering (IPO) will conclude on December 15 and the bidding for…
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Medium-duration, target maturity funds in limelight post rate hike
Medium-duration debt funds and longer-duration target maturity funds may gain traction among investors as the current rate hike cycle is widely expected to be close to peaking. The RBI raised the repo rate by 35 basis points on Wednesday to rein in inflation. It also lowered its growth forecast to…