Securities and Exchange Board of India, Sebi, suggested revisions for big Initial Public Offerings. The proposal includes increasing the allocation limit for institutional buyers. It also suggests reducing the share reserved for retail investors. For IPOs exceeding ₹5,000 crore, retail allocation may decrease to 25%. Institutional buyer allocation may increase to 60%.
US stocks today: S&P 500 hits record closing high on AI optimism, Micron joins $1 trillion club
US stocks closed mixed with Nasdaq and S&P 500 hitting record levels as AI-driven optimism lifted tech and chip stocks. Micron surged into the $1