IDBI Trusteeship sold 10 crore shares of GTL Infra on BSE and 25 crore shares on NSE at Rs 2.03 and Rs 2.04 apiece, respectively.
The Dow Jones Industrial Average rose 22.17 points, or 0.06 per cent, at the open to 36,312.49.
Friday is likely to see the levels of 18,300 and 18,375 as immediate resistance points. The supports come in at 18,160 and 18,050 levels
The public issue is purely an offer of sale (OFS) of equity shares by promoter and other selling shareholders
India’s largest bank reportedly obtained bids worth about $1 billion of which it retained $300 million worth of subscriptions
“Technology as a sector should be underweight for this year. I believe that at valuations which are 60-70 per cent higher than average last 10 year valuations combined.â€
The partially convertible rupee settled at 73.92/$1 as against 73.91/$1 at the previous close. The Indian currency, which opened at 73.7560/$1, moved in a band of 73.76-74.06/$1 in during the day.
The Nifty Auto index closed 0.35 per cent up at 11686.15.
Analysts warned that the resolution plans suggested by companies vying to buy Sintex’s assets proposed to write off the existing equity fully
In the international market, gold was trading with gains at USD 1,827 per ounce and silver was flat at USD 23.15 per ounce.
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