DSIJ Mindshare

Punjab National Bank (PNB) and PNB Housing Finance (PNBHF) were buzzing in the early morning trade on Friday following stake sales to two large alternative investment firms.

Now the challenge is whether the Nifty will close above the parallel high of 11,572. If yes, the rally will continue with small dips. But only in the instance of a close below the March 25 low of 11,311 that the market will give bearish signals. As long as it closes above this level, every dip is a buying opportunity. Stock in news: Tata Steel, HDFC, Adani Ports, Union Bank of India, TCPL Packaging, Wipro, Bharat Financial Inclusion, EIH, Lupin, Wabco India, Tata Power.

After a scintillating rally on Thursday, the early action in the SGX Nifty suggests that on the last trading day of the fiscal year, Indian markets may take a breather in early trading. At the time of writing, the SGX Nifty was trading at 11,646, down by 23 points.

The government-owned Rail Vikas Nigam Limited (RVNL), is entering the capital market with its IPO. Read on to find if you should subscribe to it.

Infosys has entered into a strategic partnership with ABN AMRO. Shares of Infosys rose almost 2 per cent on an intraday basis.