“On the flip side, the possibility of the third wave of Covid can impact market sentiments.
The reserved portion of qualified institutional buyers was subscribed 5.26 times, and that of non-institutional investors 1.89 times.
The other IPO, India Pesticides, is expected to finalise the basis of allotment in the coming week, after successfully closing the public offering.
“June auto sales numbers would give investors a fair idea around the revival of ground-level sentiment.
As the trend in the short term seems to be mixed and indecisive, it looks inevitable for bulls to register a breakout above 15900 on a closing basis to witness a sustainable upmove.