Stock market helps the counter parties to make trade. When stock exchange is closed , market is not affected , only trade is halted. IPO is when a company comes to the public for the first time to raise its funds . IPO is done through the primary market, securities from primary market are trade in the secondary market. Investments is a long term view and trading is of a very short term.
NSE-NIFTY-TOP 50 Company average, BSE-SENSEX-TOP 30 Company average.

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