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Rupak De, Senior Technical Analyst at LKP Securities, anticipates Nifty may end January with a loss, marking a fourth consecutive month of correction, a rare event in 23 years. With major events like the budget ahead, non-directional strategies are recommended. He suggests buying Britannia, Macrotech, and InfoEdge in the budget week.
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Meanwhile, the interest paid by the bank was Rs 5,605.62 crore for the same period, up by 12.8% from Rs 4,967.96 crore in the year-ago period.
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Next week, the primary market will see two new IPOs, including Dr Agarwal's Health Care and SME segment's Malpani Pipes And Fittings. Dr Agarwal's aims to raise up to Rs 3,027.26 crore, while Malpani Pipes targets nearly Rs 26 crore. Additionally, six listings, including Denta Water, which had a massive oversubscription, are expected.
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