Market View: Nifty saw support around yesterday's low of 9608 which will now act as downside support while 9700 will act as strong resistance on the upside. Bank Nifty also finds support around 23600 while 23850 will act a strong resistance on the upside.
Globally markets are witnessing consolidation as liquidity chases stocks while macro's remain subdued. Asian indices traded in the green on opening bell after yesterday's weak close. SGX Niftyup by 13 point to 9675 level. (Updated 9:00 AM).
GTPL Hathway IPO subscribed by 0.27x times (updated at 9:00 AM). Retail portion subscribed at 0.14x times; QIB at 0.69 times. Price band at Rs 167-170/share.
Federal Bank to raise Rs 2,500 Cr via QIP; sets floor price at Rs 117.04/sh.
RBI lifts restriction on FII buying inIDFC.
Sun Pharma gets shareholders' approval to merge 4 arms with self.
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