Driven by significant short-covering by Foreign Institutional Investors (FIIs), the Nifty surged approximately 3%, while the Sensex soared by a staggering 2,778 points on Monday morning, following the unexpected exit poll projections of a landslide victory for the NDA. The “Aayega To Modi” slogan became an investing strategy as traders enthusiastically bought Prime Minister Narendra Modi’s favored Public Sector Undertakings (PSUs) in entirety.
Helmets maker Studds Accessories files IPO papers with Sebi
Studds Accessories has filed preliminary papers with Sebi for an IPO, marking their second attempt. The IPO will be an offer for sale with promoters