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Sectorally, buying was seen in IT and FMCG stocks while metal, public sector, realty, and power stocks saw some selling pressure

Currently, 16 working groups, under the aegis of its standing advisory committees, are reviewing compliance requirements under various Sebi regulations applicable for various regulated entities, such as equity and debt listed companies, mutual funds, stock brokers, and alternative investment funds among others.

Ideaforge topped the charts with a stupendous return of 93%, followed by Utkarsh Small Finance Bank at 92% and Netweb Technologies at 82%. The largest IPO in the first half was from Mankind Pharma (Rs 4,326 crore), followed by JSW Infrastructure (Rs 2,800 crore) and RR Kabel (Rs 1,964 crore)

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The Nifty Pharma index closed 1.4 per cent down at 15067.15.

On listing, the stock attracted more interest from investors and was locked in the 5% upper circuit. Overall, Digikore Studios closed the first day higher by 65% over the offer price.

The short-term trend of the Nifty remains negative. A decisive close above 19,500 levels could possibly open an upside bounce towards 19,650 levels in the near term. Inability to sustain the upside bounce or a decline below 19,330 is likely to trigger fresh weakness for the market ahead, said Nagaraj Shetti of HDFC Securities.

Piccadily Agro Industries Ltd. has surged by its daily limit in two sessions this week after its single-malt Indri Diwali Collector’s Edition won top prize at the Whiskies of the World Awards. The stock is now up 292% so far in 2023 with the push from the result of the annual US-based competition.

“FII money may get impacted in the short run. In the long run, I do not see any impact on the medium to long run and FDI, which is where India is doing very well from Make in India, from people like Apple coming to India and other companies getting ready to come in India. If anything, after the short term turbulence, our country comes out as one of the best winners across the globe.”

With the World Cup 2023 beginning from Thursday, cricket fever is running high in the country.