Γ’β¬ΕMarket correction is very healthy in the long run. For the time being, not participating in this correction at all. Γ’β¬Β
Investors were concerned over relentless foreign outflows seen in the last six sessions amid cuts in India equity rating by many foreign brokerages citing expensive valuations vis-a-vis other emerging markets.
The Nifty IT index was trading 0.13 per cent down at 34866.9.
Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 254839.72 Crore) operating in Construction sector.
A total of 5,501 shares changed hands on the counter till 10:10AM (IST).
The three-day IPO of Fino Payments Bank will kick off on Friday, October 29 and will run till Tuesday, November 2.
Oil prices were mixed on Friday, but headed for their first weekly losses in at least eight weeks after U.S. oil stocks rose more than expected, and Iran flagged it was resuming talks with Western powers which could lead to an end to sanctions.
The Rs 5,352-crore IPO of fashion and beauty eCommerce platform Nykaa has been fully subscribed on the first day of bidding. The offer has received bids for 41 million equity shares against the 26.4 million on offer, getting an overall demand of 1.55 times, according to exchange data available at 5 PM on Thursday.
Demand for gold may have dropped 7% globally during the July-September quarter, but there was no dent in purchases of the yellow metal in India, rising 47% to over 139 tonnes by volume. The growth was driven by falling Covid infection rates, which pushed people to venture out and shop, the latest report by World Gold Council (WGC) said.
The companies will pilot the digital platform at the Infosys Pune Development Centre in an environment that replicates a small city, where energy is generated, stored, and consumed at multiple points, it added.
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