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Nifty extended its decline amid weakness in IT, auto, and metal stocks, nearing key support at 25,525. Analysts see bearish momentum below 25,590 but stability above 25,700. Stock recommendations for Thursday include Kalpataru Projects, Minda Corp, Siyaram Silk Mills, Asahi India Glass, and CCL Products with bullish technical setups.
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Lenskart IPO: Lenskart Solutions Rs 7,278 crore IPO closed on November 4 with strong demand, being subscribed 28.2 times after receiving bids for 281.9 crore shares against 9.97 crore on offer. The basis of allotment will be finalized on November 6, and investors can check their allotment status on the BSE or MUFG Intime India websites.
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The National Stock Exchange (NSE) has set aside Rs 1,300 crore to settle pending Sebi cases, signalling progress toward its long-awaited IPO. The move clears a major regulatory hurdle, even as Q2 profits declined due to lower trading volumes and a one-time settlement provision.
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