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About 50% of the offer is set aside for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors

The qualified institutional buyers (QIB) portion was subscribed 1.35 times, while the non-institutional investor (NII) segment was subscribed 2.35 times. The retail individual investor category saw bids for 7.61 times the shares set aside for them. The issue was sold in the price band of Rs 187-197 per share

On the derivatives front, the strikes of 19400 saw the addition of call open interest. Negative chart patterns like lower tops and bottoms continued as per daily chart and Nifty seems to be forming a smaller lower top as of now within a narrow range, analysts said

Shiva Pharmachem established its business in 1999 and has over twenty years of experience in the chemical industry. As of FY23, it serves over 181 multinational and domestic companies across 22 countries. Its prominent markets include Germany, US, Switzerland, Italy, and Mexico.

The mid-cap index rallied to a fresh record on brighter domestic prospects. Shares of Jio Financial Services dragged both indices as it ended in 5% lower circuit for the second straight day

So, now a retired person in the current contemporary situation will have to have equity as a part of his portfolio. So, the pro tip is to have equity. It is the proportions which can be different for each of us at retirement. But it cannot be zero anymore.

"The US is a superpower, a largest market. Specifically, there are businesses or sectors which are not present at that scale in any other country apart from the US. If you want to buy technology, innovative health care businesses which are there in the US, you have to go to the US market as a part of your diversification strategy."

Stocks that were in focus include names like The New India Assurance Company which rose more than 5%, General Insurance Corporation which gained nearly 6% to hit a fresh 52-week high and Welspun India which was up over 6% during the session.

"Platform companies have the potential to compound revenues at over 25% in the long term. However, there is a misunderstanding about the profitability of these companies in the listed market space. Anand states that the current expenses are short-term and primarily linked to the current hyper growth phase. As these companies evolve and change consumer behavior, they can reduce costs and introduce monetization strategies."

In this insightful article, we delve into the world of Relative Strength Index (RSI) trends, highlighting stocks that are trending up. Drawing data from StockEdge, we examine 10 stocks meticulously handpicked by ETMarkets that have witnessed an upward RSI movement. The article underscores the significance of RSI analysis in evaluating stock movements and provides valuable insights for potential investors seeking well-informed decisions