Sensex settled at 60,322.37, down 396.34 points or 0.65%, while Nifty ended 110.25 or 0.61% lower at 17,999.20.
A retail investor can benefit from arbitration as the shares are trading at a discount of Rs 29/- to the buyback offer price.
The bull run is likely to continue for the next 2-3 years but things won't be easy from here in terms of stock picking.
Most sectoral indices on the NSE were trading in the green. Nifty IT & Nifty Media indices rose 0.39% each
Macrotech Developers has launched its qualified institutional placement on Monday. The floor price is set at Rs 1,184.70 per share.
U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers.
Religare Broking is bullish on Bharti Airtel with a price target of Rs 800 per share.
Sensex settled 32 points or 0.05% higher at 60,718, while the Nifty added 6 points or 0.04% to close at 18109.
Long term investors should wait to enter the stock as valuations are high for a loss-making company
With such mouthwatering returns allotted investors are in a fix whether to book profits or hold on to the stock