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IndiGo shares slid further after major flight disruptions, with technical indicators signalling persistent weakness. Analysts advise avoiding or selling the stock as it trades below key levels, facing resistance near ₹5,700 and risks of deeper downside despite upcoming Sensex inclusion.
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Euro zone government bond yields edged higher on Thursday, tracking U.S. Treasuries, as investors focused on the Federal Reserve’s policy outlook ahead of key U.S. jobs data later in the day.
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Dialysis services provider Nephrocare Health Services Ltd, known for its brand NephroPlus, on Thursday announced a price band of Rs 438-460 per share for its upcoming Initial Public Offering (IPO), valuing the company at over Rs 4,600 crore.
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The Indian rupee is facing pressure from significant foreign portfolio outflows. Other factors like IPOs and rising gold imports are also increasing dollar demand. The Reserve Bank of India is managing the currency’s movement, acting as a speed breaker. Global rate shifts are influencing corporate borrowing. The rupee’s future depends on global flows and external factors.
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Bajaj Housing Finance shares have plunged nearly 10% in five days, sliding toward their IPO price as a large promoter stake sale spooked investors. The stock is down 35% from its December peak despite solid financial performance, raising concerns of further supply pressure.
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