INSUBCONTINENT EXCLUSIVE:
The Nifty Bank index, which rose over 2.3 per centin the previous session, declined 0.6 per centShares took a breather on Thursday after
session, declined 0.6 per cent, while the public sector banking index dropped 2.4 per cent."The market has moved up quite a bit this week
But, it still remains a buy-on-dips market ..
There is a lot of liquidity and one needs to remain cautious as a lot of initial public offerings (IPOs) are coming," said Samrat Dasgupta,
CEO of Esquire Capital Investment Advisors in Mumbai.This week's rally has been narrow and limited to some large-cap stocks, unlike previous
ones, and that is all the more reason to be more cautious, Dasgupta also said.Vodafone Idea slid after billionaire industrialist Kumar
Mangalam Birla, who engineered the merger https://www.reuters.com/article/us-vodafone-india-idea-cellular-idUSKCN1LG0LU of the India
operations of Idea Cellular and Britain's Vodafone Plc, stepped down as the company's non-executive chairman on Wednesday.Shares of the
telecom operator, down nearly 44% this week, hit their lowest since May 15, 2020 to 4.55 rupees
Its major rival Bharti Airtel Ltd climbed 2.9%.Meanwhile, U.S
2022.The speech comes at a time Indian markets are closely watching the country's central bank policy outcome on Friday for cues on
liquidity even as it is mostly expected to be stay put on rates.
