Nifty Poised to Cross 24,000 as AI Revolutionizes IPO Vetting Process

The Nifty 50 is on the cusp of breaching the 24,000 mark, propelled by robust bullish momentum and strong performances from banking and financial stocks. Experts cite aggressive buying and a decisive breakout above key resistance, with immediate targets at 24,000–24,200 and support at 23,650–23,600. Bank Nifty is also nearing record highs, further fueling optimism. In a regulatory first, the National Stock Exchange will deploy AI-powered systems to vet IPO documents, aiming to enhance transparency and speed up approvals. This move is expected to streamline the IPO process and reduce manual errors. With all major sectors in the green and volatility cooling, traders are advised to maintain a buy-on-dips strategy as Nifty’s next leg of growth unfolds. Source: Business Standard, Moneycontrol, CNBC-TV18