Global markets are suggesting Mixed signals, so our Indian markets are likely to start with a “Flat” opening today.
The Nifty 50 is currently trading within a range of 23,650 to 23,850, with a potential breakout towards 24,000 if it surpasses the upper band.
* The Bank Nifty faces resistance at 51,750, and a breakout above this level could lead to a rise towards 52,000, while falling below 51,000 may push it back to lower levels.
* Indian benchmark indices, including the Nifty 50, are expected to open positively, tracking cues from the GIFT Nifty which is trading higher at 23,915.5.
* Mamata Machinery’s shares are debuting with a strong grey market premium of Rs 260, indicating potential multibagger gains for investors.
* The IPO received an overwhelming subscription of 194 times, reflecting robust demand despite recent market volatility.
* Gensol Engineering has secured an EPC contract from NTPC Renewable Energy to develop a solar PV project valued at approximately Rs 897.47 crore.
* The project involves the development of a 225MW Grid Connected Solar PV Project at GSECL Solar Park in Gujarat, showcasing Gensol’s expertise in project management and renewable energy.
* Transrail Lighting’s IPO debuted on the NSE SME platform with a robust subscription of 80 times, raising Rs 839 crore, and is expected to list at a 38% premium.
