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On Tuesday, 1935 stocks advanced, 1549 declined and 118 remained unchanged, with an advance decline ratio of 1.25, indicating a negative closing of stocks in broader markets. The market is now anticipating the Q1 results.
The 30-share BSE Sensex pack rose 381 points or 0.60 per cent to hit an all-time high of 65,587, while the broader NSE Nifty moved 91 points or 0.58 per cent up to trade at its lifetime peak of 19,414.
“The risk return profile does not favour buying into a stock like IdeaForge. But I am sure it will get heavily oversubscribed and even more certain that it will list at a very good premium. So there is, of course, a trading opportunity over here. You can flip the stock afterwards.”