Page 38 - Prashanth Tapse News Today

Global trends, trading activity of foreign investors, outcome of state elections and RBIs interest rate decision are the major factors that will drive the movement in the domestic equity markets this week, analysts said. Global markets are currently in a fabulous mood. The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment, said Pravesh Gour, senior ...

The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment,

A stable political environment could boost investors confidence: Analysts

On Friday, the Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90.

Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent, while the Nifty climbed 473.2 points or 2.39 per cent

A stable political environment could drive Nifty to 20,500-20,800 levels going ahead, according to analysts

The short-term technical outlook for Nifty continues to be in favor of the bulls, with support seen at 20089-19909 and resistance at 20500-20751, says Prashanth Tapse, Senior VP (Research), Mehta Equities.

Flair Writing stock listed at Rs 503 per share, a premium of 65.4% over its IPO price of Rs 304. The debut was above expectations, given the strong fundamentals of the company and the positive investor sentiment surrounding the IPO.

On the NSE, Tata Technologies opened with a 140 per cent premium at Rs 1,200

The IPO of Flair Writing received a strong response from investors with nearly 46.6 times subscription at close. Flair Writing is among the top three players in the overall writing instruments industry and occupies a market share of approximately 9% in the overall writing and creative instruments industry in India, as of March 2023. Its flagship brand “Flair” has enjoyed a market presence of over 45 years.