"If we look at the F&O data, the short exposure of FIIs in index futures has jumped to 80 percent, which means sentiments are weak but the market is hedged. We are heading into the expiry week on a weaker note as the Nifty slipped below the Put base of 17,500, where 17,000 is the next base," Santosh Meena, Head of Research at Swastika Investmart, said.
Harsha Engineers International is going to make a debut on the bourses on Monday, following a healthy response to its initial public offering (IPO) that was oversubscribed 74.70 times the previous week. The final issue price has been fixed at Rs 330 per share.
A grey market premium of more than 50 percent and a healthy investor response, along with strong financials and robust growth outlook, indicates the listing may bring a big smile on the investor’s face come Monday, experts said.
On the economic data front, fiscal deficit and infrastructure output for the month of August, foreign exchange (forex) reserves for the week ended September 23, and current account numbers for Q2CY22 will be released on the coming Friday.
Apart from that, auto stocks may be in focus ahead of September sales data due over the next weekend.
In corporate action, Bharat Gears, Pondy Oxides & Chemicals, and Ram Ratna Wires will start trading ex-bonus, while Excel Realty N Infra will be quoting ex-bonus as well as ex-split next week.
Harsha Engineers International is going to make a debut on the bourses on Monday, following a healthy response to its initial public offering (IPO) that was oversubscribed 74.70 times the previous week. The final issue price has been fixed at Rs 330 per share.
A grey market premium of more than 50 percent and a healthy investor response, along with strong financials and robust growth outlook, indicates the listing may bring a big smile on the investor’s face come Monday, experts said.
On the economic data front, fiscal deficit and infrastructure output for the month of August, foreign exchange (forex) reserves for the week ended September 23, and current account numbers for Q2CY22 will be released on the coming Friday.
Apart from that, auto stocks may be in focus ahead of September sales data due over the next weekend.
In corporate action, Bharat Gears, Pondy Oxides & Chemicals, and Ram Ratna Wires will start trading ex-bonus, while Excel Realty N Infra will be quoting ex-bonus as well as ex-split next week.
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