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​So, the point I am going to make is that, yes, IPOs and QIPs is only one-third, but two-third of the money that is being raised from the market is more I would say opportunistic in that sense what you mentioned. And that supply of paper is demand dependent. Because we have seen very strong demand coming in, the supply has responded in that way.

On the technical charts, the RSI of the stock stood at 59.84.

A total of 14,629 shares changed hands on the counter till 12:58PM (IST).

JSW Steel Share Price: In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the target price of the stock from an earlier Rs 884, reflecting an upside potential of over 13% from its closing price on Thursday.

Reliance Infra Share Price: The preferential issue proceeds would be utilised for expansion of business operations directly or through investment in subsidiaries and joint ventures including meeting the long-term working capital requirements and for other general corporate purposes.

The Nifty Realty index was trading 1.1 per cent up at 1080.75.

​But this move this week is a surprise, given the language employed by the Fed chairman going into it, given the fact that the Fed is still describing the economy as being basically fine. So, yes, I am surprised.

The Relative Strength Index of the stock stood at 34.82 on Friday.

The banks have also had a bit of a regulatory headwind because the RBI has been quite pre-emptive in terms of regulatory initiatives in recent months, which in the short term is negative for the banks, but in the long run it should hopefully be positive because it means that the credit cycle should be maintained for longer without disruption.