Key Points
MUMBAI - A sharp recovery in global markets, easing US bond yields, and strong domestic institutional inflows suggest that the momentum in domestic equities is likely to continue this week...
However, its the primary market thats going to steal the limelight, as IPOs worth Rs 7,300 crore will be up for sale, led by Tata Technologies...
Investors will be eagerly waiting for Tata Techs IPO, the first one from Tata Group in 20 years, and the fact that demand remains high, is reflected in the price as the stock is trading at a premium in the grey market...
Two other major IPOs to look out for are Mini Ratna company Indian Renewable Energy Development Agency, and Fedbank Financial Services...
While FIIs have remained the main driving force for Dalal Street, the recent strong inflows from domestic institutional investors, high net-worth individuals, and retail investors made up for most of the FII selling...
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