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NTPC Green Energy shares fell 9% to Rs 96.20 as the 3-month lock-in expired, unlocking 183 million shares (2% of total). The expiry triggered selling pressure, causing a short-term dip, though long-term impact depends on market sentiment and investor confidence. Lock-in periods typically prevent volatility post-IPO by restricting early share sales.
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I think that extreme fund flow picture where just US assets were being bought, including other developed equities, like European equities, despite there being not much growth there, I think that phenomenon might not sustain.
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We have been witnessing a sell-on-rally market for the past many months, and that trend continues to hold as of now. Going forward, Nifty has very crucial support around the 22,500-22,700 zone, any consistent breach below this zone could lead to a further sharp correction in Nifty.
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