ARSS Infrastructure IPO which came in last month has got listed today in the secondary markets today. ARSS Infrastructure, the Orissa based company got listed in the markets at 40% premium to the offer price. The IPO was subscribed almost 48 times and had a price band of Rs 410-450. ARSS Infrastructure IPO got listed at Rs 630 today in NSE.

It was much more than the grey market premium and what investors expected. In the trade it almost touched 52% premium levels at Rs 685 levels. Traders were aggressively buying in the counter. It hit Rs 711 levels in BSE today in intraday. So over all it was the best IPO listing till now in the last one year.

Markets are still in the jubilant mood after the investor friendly budget announced last week by Finance minister. As posted earlier, we saw a huge post budget rally in the market in the first 2 trading session of the week.Sensex crossed 17,000 today gaining 227 points and Nifty closed at 5088 levels gaining 71 points. Traders need to book profits as the markets can see downside any time after some more rally for a couple of days. It is advised to remain away from already rallied stocks which have gained a lot in last couple of days.

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