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The sharp rally across sectors and a historic 11 public offerings in December acted as catalysts, drawing retail investors into the stock market in significant numbers. The total number of investor accounts at the end of the month totalled 139.3 million.
For Friday, analysts from a few brokerages have assigned 'Buy' calls on Canara Bank, CDSL and REC. Check details.
This occurrence is often interpreted as a potential bullish signal by traders and investors.
Above 19900, the index could sustain its rebound rally up to 20050-20100. On the downside for the day, key support is situated at the 19705-19720 zone. The overall range for the day is anticipated by experts to be 19735-19750 on the downside and 19870-19900 on the upside.
CDSL, which is Asias first and only listed depository, informed about the milestone on Wednesday after the markets were closed.