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Broadly trading in the range of 21,880- 22,200 since the last three trading sessions, Nifty on Tuesday ended 92 points lower at the 22K-mark.Immediate support was seen at 21,850, a break of which would again tilt the set-up in favor of the bears. One needs to take an open-minded approach in such a scenario. Support for the Nifty is now seen at 22,000 and 21,800-850 levels. On the higher side, immediate resistance for Nifty is at 22,075 levels and the next resistance is at 22,200-250 levels, said Tejas Shah, Technical Research, JM Financial & BlinkX.Analysis of the Open Interest (OI) data reveals the highest OI on the call side at the 22,100 strike price, followed by the 22,500 strike price. On the put side, the highest OI was observed at the 22,000 strike price.What should traders do? Here’s what analysts said:Rajesh Bhosale, Angel OneNifty has been oscillating within a range defined by the 20 and 50-day EMA since last week. A breakout from this range will likely dictate the next directional move. As of now, with no major traction, prices are expected to remain within this range. Consequently, it is advisable to adopt a cautious approach, focusing on buying on dips and exiting long positions on rallies while the range persists. Immediate support levels are seen at 21,900-21,850, while 21,700 is a key support level. On the upside, resistance is anticipated around 22,200-22,250.Tejas Shah, Technical Research, JM Financial & BlinkXFor the last many days, Nifty has been stuck within the 21,800-22,200 zone. There have been many attempts both by the bulls and bears to trigger a breakout but both have been unsuccessful so far. It seems only on a close above the resistance zone of 22,200-250 will the bulls be in complete control of the set-up. Till then one will have to be very stock-specific and look at long trades in some of the outperforming stocks/sectors only.Jatin Gedia, SharekhanOn the daily charts, we can observe that Nifty is broadly trading in the range of 21,880- 22,200 since the last three trading sessions. The range-bound action is likely to continue in the absence of any near-term triggers. Also, as we near the monthly expiry of the March series derivative contracts, the volatility seems to have dried down resulting in range-bound moves. The contraction of the hourly Bollinger bands also suggests sideways price action. Thus, multiple parameters suggest that Nifty is likely to witness subdued price action over the next few trading sessions. Stock-specific action is likely to continue during this period.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Australia has released details of the schedule for their upcoming home summer, which includes the visit of India for the five-match Test series with Perth to host the opening Test.The five-match Test series against Rohit Sharma's side will commence in Perth on November 22, with further Tests to be held in Adelaide (day-night), Brisbane, Melbourne and Sydney right up until the start of the New Year.It will be the first time since the summer of 1991/92 that Australia and India have played a five-match series as part of the Border-Gavaskar Trophy, which will provide both teams with a good opportunity to further cement their place in next year's ICC World Test Championship final.Australia claimed bragging rights when winning the most recent World Test Championship final at The Oval last year, but India has held the coveted Border-Gavaskar trophy since 2017 on the back of consecutive series triumphs away from home.Cricket Australia CEO Nick Hockley is looking forward to welcoming India to Australian shores later this year and is predicting a tight contest between the evenly matched sides."This is one of the most highly anticipated summers of cricket in memory with the eyes of the cricket world focused on the extended Border-Gavaskar Trophy series and the multi-format Women's Ashes," Hockley said as quoted by ICC."Fittingly, the Border-Gavaskar Trophy has been put on the same footing as The Ashes with a five match Test Series for the first time since 1991-92 and we're confident the schedule will maximise viewership and attendances and there will be a tremendous atmosphere in stadiums across the country."The visit of Pakistan will commence Australia's home summer, with the Asian side to play three ODIs and three T20Is at the start of November, before the action hots up even further with the Test series against India.India's women's side will be in Australia at the same time as their male counterparts, with three ODI matches planned to take place at the start of December as part of the women's schedule also announced by Cricket Australia on Tuesday.Australia will take on New Zealand in three ODIs in September following the Women's T20 World Cup in Bangladesh, before three games against India in Brisbane and Perth on December 5.Australia's attention will then turn to the multi-format Women's Ashes series against England, which consists of three ODIs, three T20Is and a historic day-night Test match at the MCG at the end of January.Australia vs India Test schedule:First Test: November 22-26, PerthSecond Test: December 6-10, Adelaide (d/n)Third Test: December 14-18, BrisbaneFourth Test: December 26-30, MelbourneFifth Test: January 3-7, Sydney

Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year.About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized by 37 companies in 2022-23, according to primedatabase.com.However, excluding the mega LIC IPO that came out in 2022-23, IPO mobilisation increased by 58% from the last fiscal.The overall public equity fundraising, including from FPOs, OFS, and other avenues, increased by 142% to Rs 1.86 lakh crore in FY24 from Rs 76,911 crore in FY23.While FY24 saw companies from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.After a flurry of tech startup IPOs in the last two fiscal years, there were few and far between in FY24. Only three new-age companies Yatra, Mamaearth, and Zaggle hit the markets in the reporting year.Of the 75 IPOs, 54 IPOs received a mega response of more than 10 times (of which 22 IPOs more than 50 times), while 11 IPOs were oversubscribed by more than three times. The balance of 10 IPOs was oversubscribed between one to three times.In comparison to FY23, the response of retail investors increased tremendously. The average number of applications from retail increased to 13.17 lakh, compared to 5.57 lakh in the preceding year.The highest number of applications from retail were received by Tata Technologies (52.11 lakhs) followed by DOMS Industries (41.30 lakhs) and INOX India (37.34 lakhs).The public offer of Mankind Pharma was the largest of the fiscal year 2024, which mopped up around Rs 4,326 crore, closely followed by Tata Technologies at Rs 3,043 crore and JSW Infrastructure at Rs 2,800 crore.Apart from the big ticket names, more smaller companies than in the last two years came up with their IPOs. The average deal size of IPOs was reduced significantly to Rs 815 crore in comparison to Rs 1,409 crore in 2022-23 and Rs 2,105 crore in 2021-22.Listing gainsIn line with the subscription demand, listing gains didn't disappoint investors. The average listing gain increased to 29%, during the year against 9% in FY23.Vibhor Steel gave a stupendous return of 193%, followed by BLS E-Services (175%) and Tata Technologies (163%). 51 of the 75 IPOs are trading above the issue price with an average return of 65%.

Gujarat Titans, a CVC Capital Partners-owned Indian Premier League franchisee, has added a total of 30 sponsors for the IPL 2024 season while it continues to march towards turning profitable and ramping up the brand value.Out of the 26 partners from the previous year, 17 have opted to continue their association with Gujarat Titans this IPL season as well, while an additional 13 new partners have also signed up, the franchisee said.Arvinder Singh, COO, Gujarat Titans, had told ET on March 20 that the Gujarat Titans anticipates a 24% rise in sponsorship revenue compared to last year, reaching Rs 90 crore this season with support from 27 sponsors and partners.Last year, Gujarat Titans had seen a 38% surge in sponsorship revenue and this time the IPL team is targeting a 24% increase, taking them into the Rs 90 crore range.In a multi-year arrangement, Dream11 leads as the Principal Partner for Gujarat Titans. Meanwhile, BKT Tires and Capri Global maintained their roles as Associate Partners, prominently featured on the team's jersey. Associate Partners like Jio, a prominent Indian telecom company, along with pipe manufacturers Astral and Simpolo Ceramics, also secured their spots on the jersey's shoulders.ACKO remains committed to supporting Gujarat Titans, showcasing its logo prominently on the team's headgear alongside Equitas Small Finance Bank.Gujarat Titans welcomed back Official Partners such as boAt, Bisleri, Havmor, Croma, and HCG. Additionally, the team added five new Official Partners: Viacom18, Advance Decorative Laminates, Axabull, Hurricane and Big Ant Studios.Gujarat Titans had said they expect to be profitable in the next media rights cycle and their brand value would also increase 'exponentially'.The Board of Control for Cricket in India (BCCI) had sold the IPL media rights to Disney Star and Viacom18 for Rs 48,390 crore for the 2023–27 cycle. The subsequent media rights cycle will commence in the 2028 season. Media rights earnings, coupled with sponsorship revenue from the central revenue pool, are split evenly between the BCCI and the franchisees.Among the franchisee share, 45% is evenly distributed among all IPL teams, while the remaining 5% is allocated based on their rankings during a season.