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The offer received bids for 2.99 crore shares against 2.77 crore shares on offer.
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Nifty Bank index was the top loser down by 1.04%, Nifty Metal index losing around a per cent.
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Indian equity benchmarks ended in red on Thursday led by banking and metal stocks. Today, the markets are likely to make a gap-down start on weak global cues. Traders will be concerned as India’s external debt stood at $571.3 billion at the end of June, recording an increase of $1.6 billion over its level at […]
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Investors were also keeping an eye on Washington as Congress passed a bill that would fund the government through early December.
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Chandan Taparia of Motilal Oswal Financial Services is positive on MTAR Technologies with a target price of Rs 1,530.
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PowerGrid, falling about 3%, was the top Sensex loser followed by Asian Paints, Axis Bank, Kotak Bank, Bajaj Auto, SBI and M&M
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Sensex closed at 59,126.36, down 286.91 points or 0.48%, while Nifty dropped 93.15 points or 0.53% to 17,618.15
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Robust liquidity, positive global cues, the rapid pace of vaccination, better-than-expected Q1 earnings and fall in Covid cases supported sentiment.
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Gartner’s estimates that outsourced IT services spend are likely to grow at an 8.6% CAGR over 2020-25.
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"Markets have had a one way rally so far but these volatile signs may indicate some consolidation coming up"