The pattern analysis shows that the formation of a potentially bearish Head & Shoulders pattern stays valid. To invalidate this pattern, Nifty50 will have to move past the 18150-level convincingly and stay above that.
The company has decided to allocate a total of 66,10,492 equity shares to 33 anchor investors at Rs 690 apiece, aggregating the transaction size to Rs 456.12 crore, according to a circular uploaded on the BSE website.
Citigroup is the latest one to have likely sold an estimated 2.2 million shares at about Rs 3,275 apiece on behalf of its institutional clients, two market sources told ET.
“Raising funds for unidentified acquisitions leads to some amount of ambiguity in the IPO objects,†Sebi said in a discussion paper on Tuesday.
In another transaction, Steinberg India Opportunities Fund sold 800,000 shares of TV Today at Rs. 345 apiece through a bulk deal on the BSE.
In a world where speed, transparency, and security are almost fundamental, crypto becomes a necessity rather than an option. At its heart, cryptocurrency is the perfect medium of exchange for this exponentially emerging hybrid world.
The Dow Jones Industrial Average fell 11.27 points, or 0.03 per cent, at the open to 36,076.18.
The brokerage has initiated coverage on the online insurance broker with a “hold†rating and a price target of Rs 1,270, which implies a nearly 5 per cent downside from the current market price.
The company is also bullish on audiences coming back to theatres with occupancy levels at theatres gradually inching towards pre-pandemic levels across the country.
The automobile sector has had a tough year, at least tougher than the rest, given the second wave of the pandemic and the acute shortage of semiconductors that forced them to close factories temporarily. And yet, there seems to be renewed hope for the sector.
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