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Indias IPO market gears up for October with Tata Capitals Rs 17,000-crore issue and LG Electronics Rs 15,000-crore debut, together worth Rs 32,000 crore. These mega offerings, amid a record fundraising year, will test investor appetite during the festive season.
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Indian markets extended their winning streak with Nifty closing positive for the eighth straight session, supported near 25,000. Analysts expect consolidation with scope for an upmove toward 25,500. Experts recommend five stocks for Monday: RailTel, Cochin Shipyard, Bajaj Finance, Data Patterns, and Astra Microwave.
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Sectoral and thematic mutual funds have offered upto 6% return in last week. There were 578 funds in the said time period, of which 543 gave positive returns, 33 gave negative returns and two failed to deliver returns. Here are the funds which delivered returns over 3.50%. (Source: ACE MF)
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