Indian Markets Remain Strong as Indices touch All-time High

Indian Markets touched all-time high during the week. The overall sentiment is cautious but the markets are still ruling strong and many stocks have touched 52-week high. Mid-cap stocks have been suffering over the last few months but blue-chips have offered good returns to investors.

Nifty ends the week with marginal gains as it remained between the range that was seen in the previous week. This is a second week that Nifty has managed to close above its previous all-time high placed around 11750. The profit booking was seen at higher levels as Nifty failed to sustain the 12K mark. Despite a Rate cut, the street was expecting more, we have seen market witnessing profit booking.

Just Dial’s IPO oversubscribed by 1.94 times

Just Dial’s IPO oversubscribed by 1.94 timesAccording to the latest data available, the initial public offering of Just Dial Ltd, which operates the local business listings site called Justdial. com, has been oversubscribed by 1.94 times during the final day of the issue.

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