Business Standard

Tuesday, February 11, 2025 | 04:55 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Street signs: No let-up as stocks feel squeeze, the great IPO rush & more

Market players say issues have bunched up on account of companies rushing to hit the market before expiration of the result filing deadline

ipo
Premium

Last September, a similar rush was witnessed. Bourses have a separate platform for SMEs listing, with rules different from mainboard IPOs

Sundar Sethuraman
No let-up as stocks feel the squeeze

The benchmark Nifty crashed nearly 2 per cent on Friday to end the week at 17,327. Technical analysts say a drop below 17,000 cannot be ruled out. “The Nifty has formed a lower top formation on daily charts and a long bearish candle on daily charts. For positional traders, 17,500-17,600 could act as a crucial resistance zone. On the flip side, 17,250 will be a sacrosanct support level. If the index closes below this, it could retest the level of 17,150 and retreat further to 17,000,” says Amol Athawale, deputy vice-president, technical research, Kotak

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in