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Over a dozen companies are gearing up to launch their IPOs over the next two to three weeks, aiming to raise nearly Rs 10,000 crore, buoyed by supportive policy measures, including GST 2.0 reforms, and the RBI's monetary policy easing through rate cuts.
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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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