Stocks in Focus: GIFT Nifty traded flat at 19,862.5 down merely 0.01%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended down by 9.85 points or 0.05% to settle at 19,802.00, while the BSE Sensex ended flat, down merely 5.43 points or 0.01% to 66,017.81.

“Markets were extremely lacklustre on the back of thin volumes. It looks like a lot of capital has been making its way into the IPO market over the last few days, and investors including retail ones don’t want to miss the bus. Once the current IPO rush is over, we may see investors returning to secondary markets, provided there are no major hiccups in global markets. The good news is that the short-term technical outlook for Nifty continues to be in favor of the bulls. Technically, Nifty needs to reclaim the 19,889 mark to unleash fresh upside, while support is placed at 19,471 mark,” said Prashanth Tapse, Senio…