Market experts are advising selective stock picking while focusing on fundamentally strong companies as expensive valuations increase risk of corrections.
In the ranking of top-10 firms, Reliance Industries was leading the chart followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Bajaj Finance, Bharti Airtel and Kotak Mahindra Bank
Department of Investment and Public Asset Management (DIPAM) had first floated RFP on July 15 inviting bids from legal advisors for the mega IPO and the last date for bidding was August 6
The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer for sale of 65,58,278 equity shares by promoters and investors, the draft red herring prospectus (DRHP) showed
Speaking exclusively with Business Today TV's Udayan Mukherjee, the billionaire market maven said Tata Motors' foray into the electric vehicles segment will boost the stock going ahead
The Nifty IT index rose almost 3 per cent to hit a new high of 37,810.75 and all the stocks of the index hit their fresh 52-week highs. The S&P BSE IT index also hit an all-time high of 36,619.39.
With a market capitalisation of more than Rs 76,000 crore, the shares stand higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200-day moving averages.
