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Nazara Technologies announced a Rs 900 crore fundraising through preferential equity. The funds will be used for acquisitions, business expansion, and growth opportunities. Marquee investors like SBI Mutual Fund and Think Investments are participating in the round.
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Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.
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Indian market pared gains after hitting record high in intraday trade on Wednesday.The S&P BSE Sensex fell more than 100 points after hitting a high of 83,326 while Nifty50 was down by 41 points after scaling a record peak of 25,482.
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