With the Nifty already at 21,400; the question is whether it can now make a big dash for the 22,000 mark.
During the subscription period from December 15th to 18th, 2023, the Rs 1,200 crore public issue was oversubscribed 93.40 times.
IPO set at a price band of Rs 340-360 per share, consists solely of a fresh issue portion with no offer-for-sale component.
What does that really for the US economy in particular and the world economy in general?
FPIs infused an impressive $1.95 billion in the recent week to December 15, 2023; to top up $4.21 billion in last 2 weeks.
As US bond yields tapered, the Indian rupee added heft and the Indian bond yields also fell sharply lower in the week.
For the third week in a row, the Nifty and Sensex rallied sharply, and this week it was all about the rally in IT stocks.
The price band for the offer has been fixed at Rs 52-55 per share.
A month after touching record highs, trade deficit has mellowed in November 2023, largely on weak imports.
The Fed statement for December was a watershed moment as it marked the Fed moving finally out of its hawkish stance.

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