Public sector firm WAPCOS Ltd has decided to shelve its plan for an Initial Public Offering (IPO), through which the government was looking to divest shares. The maiden public issue was slated to be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India. However, the issue […]
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Nifty heading towards lifetime high, keep buying on dips, but watch for volatility in the run up to US Fed meetNifty heading towards lifetime high, keep buying on dips, but watch for volatility in the run up to US Fed meet
Dharmesh Shah, ICICI Securities The week that was… The equity benchmark indices inched northward amid elevated global volatility. The NSE Nifty 50 settled the week at 18563, up 29 points. In the process, broader market continued to outperform as Nifty Midcap surged 0.5% while small cap index gained 1.2%. Sectorally, Auto, energy, metal and PSU […]