Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, said Nifty’s lower-end support stands at 15,500, where fresh Put writing has been observed, and if it fails to sustain above that, it will witness further selling pressure.

BC Asia Investments X Ltd is indirectly held by Bain Capital Investors LLC (Bain Private Equity), Bain Capital Credit Member LLC and Bain Capital Member II (together Bain Credit) and the Canadian Pension Plan Investment Board (CPPIB).

Gold prices inched up from a near one-month low on Wednesday, as investors awaited a potentially aggressive and key interest rate hike announcement from the U.S. Federal Reserve as it seeks to combat inflation amid mounting fears of an impending recession.

According to the report, PhonePe plans to go public once its core businesses turn profitable, which it hopes to achieve by 2023. The report also mentioned that PhonePe, part of the Walmart-controlled Flipkart group, will soon engage with bankers and legal consultants to take forward the IPO process.

While one NBFC-MFI is looking to raise capital by way of the initial public offer, others will sell shares mostly on a private placement basis, people tracking the sector said.Fusion Micro Finance’s proposed IPO consists of a fresh issue of shares worth Rs 600 crore.

According to a number of leading crypto exchanges, including CoinDCX, CoinSwitch, WazirX, Unocoin, Mudrex and Giotuss, slashing of staff count is not on their checklist, despite the severe turmoil in the cryptos and economy.

The company will list on Indian stock exchanges as opposed to many startups that prefer to incorporate overseas, primarily Singapore or the US, chasing relatively friendlier tax laws and business regulations there.

“I tweeted a year-and-a-half or two years ago, when the building started coming up and I put up a picture of the building and I said silencing my critics because everybody said these guys will never be able to make the building. Not only have we made the building, but we are delivering the Thane project two years ahead of our commitment and that has built a very strong brand for us.”

“Nifty valuations tend to hide some things. Some overvalued companies are there in the Nifty and at the same time there are some undervalued companies as well. But on an overall basis, we are in the reasonable zone right now. The valuations look very very reasonable and it may be the time to start nibbling and adding over a period of time.”

Analysts said the index has been respecting its support of 15,671 on a closing basis and as long as it keeps respecting that, chances of some bounce cannot be ruled out. They see support shifting to 15,400-300 levels, if the level is breached.