The market regulator, SEBI (Securities & Exchange Board of India) has okayed Indiabulls Power's IPO (initial public offering). This subsidiary of Indiabulls Realty is expected to raise around Rs 2,000 crore.
More uptrend will be seen only if nifty fut holds strongly above 5091. Last & final stop above 5091 will be around 5141.immed suppport below 5050 is placed at 5020 - 5000 - 4983 - 4965.