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The pricing formula for allotment of shares under preferential issue should be the Volume-Weighted Average Price (VWAP)of weekly highs and lows for 60 trading days or 10 trading days, whichever is higher, the watchdog said in a consultation paper.

The Nifty IT index closed 1.97 per cent down at 34606.15.

The IPO comprises fresh issuance of equity shares worth Rs 300 crore and an offer for sale (OFS) of 89.22 lakh equity shares by promoter and existing shareholders, according to the Draft Red Herring Prospectus (DRHP).

Companies and governments worldwide are showing a renewed interest in building cyber resilience following several high-profile attacks. This has translated into high demand for next-gen cybersecurity products (software and hardware), which has led to cybersecurity companies reporting strong numbers in 2021.

“I do not think there is anything to panic about because signs of economic revival are so strong that people have started talking about inflation.”

The fear was palpable in the deep shade of red that painted trading screens and it was evident in the biggest spike in the India VIX index in 2021 so far. The fear gauge or the volatility index spiked nearly 25 per cent and closed above the 20 points mark.

Ruchit Jain, Trading Strategist, 5paisa.com said that the 16,800 level would offer immediate support to the index while he sees 17,300 as the immediate resistance level.

Last week, the top decision-making authority of the EPFO permitted the body to invest up to 5 per cent of its annual deposits in alternative investments, including infrastructure investment trusts (InvITs) of public sector entities.

So who is a smart investor? A smart investor is not someone who knows how to make loads of money overnight. Instead, it is somebody who can deploy available resources to make a consistent investment, have a diversified portfolio and build wealth over a period of time.

The new variant that is rapidly spreading in South Africa and some other African countries has raised alarm bells as it has more than a high number of spike mutations that could make the current batch of vaccines less effective against the virus.