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Analysts said the three companies have launched issues at very expensive valuations, leaving nothing on the table for investors. There are miniscule chances of a decent listing pop.
BSE barometer Sensex scaled a new record peak of 54,717, whereas its NSE counterpart Nifty50 was just shy of 16,350 during the week. Strong buying action in banking and IT stocks lifted the benchmark indices 3 per cent higher during the week.