Street Signs: Nifty's battle at 18,800, IPOs tread with caution, and more

Nifty’s battle at 18,800: Can bears break the barrier?

Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday. On Thursday, the benchmark index had slipped to as low as 18,838. Experts say it is crucial for the Nifty to stay above 18,800; otherwise, another 3-5 per cent slide cannot be ruled out. “The Nifty has ended its three-month-long consolidation phase and tested the long-term moving average after six months. It has already retraced nearly 7 per cent from