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The Nifty 50 index closed at 25,910 on Friday, posting a 1.6 per cent gain for the week. Analysts say the trend remains firmly upward, with further gains likely in the near term. “A sustained move above the 25,600–25,700 zone could push Nifty towards 26,000–26,200,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. Nilesh Jain, head of technical and derivatives research at Centrum Broking,
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Despite strong market debuts by Pine Labs and Groww, investors who bought shares in the unlisted market are feeling short-changed. Pine Labs, which listed on Friday, closed 14 per cent above its issue price, while Billionbrains Garage Ventures — the parent of online brokerage Groww — jumped nearly 30 per cent on its Wednesday debut.
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