Easy Trip Planners IPO: Today is the final day to bid for Delhi-based on the internet travel agency Easy Trip Planners IPO. The public situation has received bids for shares 7.20 occasions the situation size on March 9. The provide has received bids for 10.85 crore equity shares against the IPO size of more than 1.5 crore shares.
Technical speak: Technically, Nifty formed a Bullish Hammer like candle on everyday scale. Nifty has been moving in a consolidative manner from the final handful of sessions and not emerging in a clear path, stated an analyst. “While immediate support exists at 15000- 14900 levels, the next resistance could be around 15200-15250 zones. India VIX has cooled down by 8.8% from 24.67 to 22.49 levels. However, a VIX below 21-20 zones is required for bullish momentum to sustain,” stated Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
Global watch: Asian stock markets had been trading larger in early trade on Wednesday. Japan’s Nikkei 225 climbed .67 per cent when the Topix index added .27 per cent. South Korea’s Kospi jumped 1.27 per cent and the Kosdaq was up 1.44 per cent. In overnight trade on Wall Street, US stock indices ended larger. The Dow Jones Industrial Average rose .10 per cent, the S&P 500 gained 1.42 per cent and the Nasdaq Composite added 3.69 per cent.
FIIs turn net purchasers however once again: On Tuesday, foreign institutional investors (FIIs) net purchased shares worth Rs 2,801.87 crore, when domestic institutional investors (DIIs) net purchased shares worth Rs 1,250.22 crore in the Indian equity industry.