Gold futures edged higher sharply after breaking above $1700 per ounce but flipped back after hitting one week high near $1740 per ounce as soaring equities capped upside.
Ahead of the IPO, the shares were quoting at a premium of Rs 7.5 or close to 9% in the grey market.
The Rs 760-crore initial public offering (IPO) of speciality chemical company Anupam Rasayan got subscribed 34% on the first day on Friday.
Capital Goods stocks were trading in the positive zone, with the S&P BSE Capital Goods index rising 319.1 points or 1.43% at 22702.52 at 09:48 IST. Among the components of the S&P BSE Capital Goods index, Larsen & Toubro Ltd (up 2.16%), Kalpataru Power Transmission Ltd (up 1.76%), V-Guard Industries Ltd (up 1.5%), Grindwell Norton […]
RBI had placed IDBI Bank under PCA framework in May 2017, after it had breached the thresholds for capital adequacy, asset quality (net NPAs was over 13% in March 2017), return on assets and the leverage ratio
Utilities stocks were trading in green, with the S&P BSE Utilities index increasing 29.98 points or 1.4% at 2171.15 at 09:48 IST.
Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 193.56 points or 1.38% at 14188.53 at 09:48 IST.
The death toll increased to 1,58,306 with 117 daily new fatalities, the data updated at 8 am showed
Historically, a phase of disruption has been followed by outperformance in broader markets