Street signs: Large AMCs corner SIP pie, GMP strong for new IPOs and more

Inflows through the SIP route have been strong this financial year, even as lump-sum investments have slid

Nifty, Bank Nifty near key supports

The Nifty and the Bank Nifty are hovering around their key support levels, and a breach could trigger another 2-5 per cent correction, say analysts. “The 100-day moving average (DMA) of 17,168 is immediate support. Below this, the Nifty is likely to retest its previous swing low of 16,782, while 16,700-16,400 is a critical demand zone for the Nifty for a strong pull-back,” says Santosh Meena, head of research, Swastika Investmart. Meanwhile, the Bank Nifty is also close to its key support of 200-DMA of 35,750. “If it starts to trade below its 200-DMA, we