Nifty Market today

Nifty Market today

✅Sensex surges 496 points at the Close; Nifty near 21,600

1. Stocks
2. Sensex
3. Nifty

✅ Amid positive global cues, benchmark indices closed on a positive note today.

• 📢 At 3:30 PM, the Sensex improved by 496.37
• points or 0.70% at 71,683.23, and the Nifty was up 160.15
• points or 0.75% at 21,622.40.

📊Among sectoral, Nifty Infra (⬆️1.61%) turned out to be the best performer while Nifty Bank (⬇️0.03%) saw considerable selling.

Retail investors shouldn’t rush into IPOs

IPO

The price discovery mechanism of initial public offerings (IPOs) is “imperfect” and retail investors investing for the long-term should wait for prices to stabilise, Securities and Exchange Board of India chairperson Madabhi Puri Buch has said. Speaking at AIBI Annual Convention 2023-24 on January 19, Buch also expressed concern over malpractices such as mule accounts.