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Prior to today’s transaction, the mutual fund held 151,040 shares of the company.

If progress toward the Fed’s employment and inflation goals “continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted,” the U.S. central bank’s policy-setting Federal Open Market Committee said Wednesday in a statement following a two-day meeting.

Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of $18.2 million (around Rs 134.2 crore).

The initial public offering (IPO) comprises sale of equity shares to the tune of Rs 500 crore, according to the draft red herring prospectus (DRHP).

Pattern analysis showed Nifty has formed a consolidation range as shown by the red and the green lines on the charts. The zone is created between 17,350 and 17,400 levels on the lower side and the 17,790 level on the upper side.

Shrikant Chouhan of Kotak Securities said that 17,600-17,625 levels should act as a key resistance level and that a quick intraday correction till 17,500-17,450 cannot be ruled out.

Total Foreign Direct Investment (FDI) inflow rose to $27.37 billion during the first four months of 2021-22. In the year-ago period, the same was at $16.92 billion.

Rai’s reappointment was the only proposal that didn’t get a requisite vote. Other proposals such as the appointment of Jaimini Bhagwati and Anil Singhvi as independent directors received shareholder nod.

Evergrande may be in crisis, but Indian real estate companies are far from one. Godrej Properties’ announcement that it sold units worth Rs 575 crore on the first day of the opening of Phase 2 of its Godrej Woods in Noida sparked solid buying in realty stocks.

While the markets are cautiously watching for the historical unwinding of liquidity scenario, we believe that event of global central banks tapering their asset purchases is still a quarter or two away and the subsequent increase in interest globally will take longer than that.