Street Signs: Litmus test for IPO mkt, WhatsApp is Sebi's bogey, and more

This week, four companies are looking to raise more than Rs 4,100 crore via IPOs

A firecracker November series likely

The benchmark Nifty rose 5.5 per cent during the October derivatives series. Analysts are expecting the markets to perform well during the November series which started on a positive note. “Going into the November series, we will be bullish and assign a higher probability of a breakout on the upside after a long spell of consolidation. We will be a buyer on dips. Key levels for the index will be 17,900/18,100 and 17,500/17,300. A breakout above 18,100 can take the index to its previous highs. Reversal in the dollar index and softening US 10-year bond yields