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Shares of holding companies, including GFL, Pilani Investment and Industries Corporation, and SIL Investments, up to surged 20% on Monday. This followed an NSE circular announcing a special call auction session on October 28 for price discovery of listed investment companies (ICs) and investment holding companies (IHCs).
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Chancellor Rachel Reeves will set out the government's financial plans for the next year.
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Nifty's trend remains weak within a range-bound movement. After failing to maintain its recent upward bounce, the market may retest the lower levels of 24,600-24,500 in the near term, with immediate resistance around the 25,000 mark, according to Nagaraj Shetti of HDFC Securities.
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