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The net long of FIIs increased from Rs 85,449 crore on Wednesday to Rs 89,782 crore on Thursday.

The share allotment of Credo Brands IPO is likely to be finalised today. Investors received shares on a lottery basis and the whole process was supervised by the registrar.

Ramesh Damani says: "If you are young and you have children who are below 5 or 10 years or your grandchildren as in my case, open a Demat account and start investing for them, your money will get clubbed with them in the capital gains but try and buy stocks for 10-20 years and remember that until you sell it there is no tax consequences. So, the money can grow unimpeded, compounding over long periods of time."

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

On Thursday, Bloomberg had reported that Zomato has made an offer to acquire Shiprocket, which runs Bigfoot Retail Solutions, by valuing the company at $2 billion. Zomato already owns about a 5% stake following an investment in 2021.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14740.66 Crore) operating in NBFC sector.

Varun Saboo says: “I would stick to largercap IT names than the midcaps for now but I do not see a challenge, I do not see corrections in the midcap space also in IT space particularly. And yes, these new-age IT names will do very well in this environment. We are very positive on MapMyIndia.”

On a year-to-date basis, the S&P BSE PSU index has rallied more than 50% and scaled a lifetime high of 15,531 earlier this week. Meanwhile, the benchmark Sensex has given a little over 16% returns in the same period. A significant chunk of the gains in PSU stocks came in December, with as many as 28 of them clocking double-digit gains, after the strong victory for the Bharatiya Janata Party (BJP) in the state assembly elections of Chhattisgarh, Madhya Pradesh, and Rajasthan.

“With peak demand growth of 5–6% and non-solar hour deficits, we find strong tailwinds for BHEL, NTPC and wind EPC Suzlon, Inox Wind,” Nuvama said in a note.