FPIs selling picked up sharply in the week as FPIs sold equities worth $1.25 billion in just the last 2 days of the week.
For the week, the CME Fedwatch remained amazingly static; and the upcoming Fed statement next week could set the tone.
In a volatile week, US bond yields retreated from 5%, but the spike in gold prices shows odds are weighed against equities.
The company allocated 87,49,999 equity shares at a price of Rs 648 per share to these anchor investors.
The IPO, offering shares solely through an offer for sale, has allocated half the issue size to qualified institutional buyers, while the remainder is divided between HNIs and retail investors in a 30:70 ratio.
Recommendation: Buy; Target price: Rs 2714
Nifty closed the week just above 19,000, but it may be tough to sustain once the short covering is done and dusted.
Nifty closed positive this week despite pressure from banks and IT; as oil, autos and FMCG stole the limelight.
Here are some of the stocks that may see significant price movement today.

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