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Nifty50 is pegged to hit the 20,000 mark for the first time in history

The 20-member committee was earlier headed by Madhabi Puri Buch, ex-whole time member of Sebi.

“It is a complete offer for sale (OFS) from our shareholders Baring Asia through their affiliate Sion, which is our promoter. Our company has been profitable for 12 years. We have had cash on the balance sheet and therefore the company does not need capital infusion for growth.”

Vodafone Idea closed over 9 per cent higher as investors look forward to a revival in the company’s earnings in 2022; Titan jumped over 3 per cent

Industry experts believe 2022 will likely be a year of filtration in the crypto space as tokens with relevance, utility and sound fundamentals will attract investors the most.

2021 has been a strong year for equities where largecap benchmarks delivered 21-23 per cent returns to investors, and second-rung benchmarks delivering up to 60 per cent returns

Dealers were, however, not as optimistic about the rupee continuing with the same momentum in the New Year, with many citing elevated crude oil prices and India’s widening monthly trade deficits as red flags.

“We are very bullish for 2022. January and February will be very good for the market.”

The index closed at 17,354.05, up 150.10 points or 0.87 per cent

The Nifty Pharma index closed 0.62 per cent up at 14223.0.