After a blockbuster 2017, the primary mkt is expected to remain robust in 2018 with Dalal Street looking at over Rs 35,000 cr of IPOs, a significant proportion of which are PE-backed, says a report.
Shares of InterGlobe Aviation slumped 7.5 per cent today, eroding Rs 3,536 crore from the company's market valuation, amid reports that ED has summoned top management of the company.
The BSE Sensex vaulted almost 261 points to close at 35,547.33, while the broader NSE Nifty climbed 61.60 points to 10,772.05.
The 30-share Sensex stayed in the green throughout and hit the day's high of 35,571.37 on a flurry of buying.
Broadly positive Asian cues lifted the key Indian equity indices afternoon, with the barometer Sensex of the BSE gaining over 200 points so far.
Indian shares were set to snap a two-day losing streak, led by gains in financials, despite lingering trade tensions between US and China that roiled markets.
Rupee recovered from its near 1-month low to trade 32 paise higher at 68.06 against the US dollar in early session on fresh selling of the American currency.
The 30-scrip Sensitive Index (Sensex) opened on a positive note during the morning session of the trade.
Sensex plunged around 262 points to end at a two-week low of 35,286.74, while the broader Nifty dropped 89 points to 10,710.45.
The BSE Sensex plunged around 262 points to end at a two-week low of 35,286.74 today, tracking a sell-off across Asian and European markets after the US and China escalated their trade dispute.
Minority investors divided over changes at ICICI bank
Fund managers seek clarity on governance & leadership for investment decisions
Kochhar's fully paid leave raises questions
Proxy advisory firm raises questions on remuneration
Will issue 5.1% equity shares worth Rs 746 Cr to investors, priced at Rs 1,661/sh
IIFL's wealth management business valued at Rs 14,600 Cr
Investors include Amansa holdings, General Atlantic Singapore & HDFC Standard Life
Gets final USFDA approval for Generic Sustiva
U.S. Sales stood at approximately $105 Mn in a 12 month period, ending in April 2018
Nerolac to enter share purchase agreement with RAK paints in Bangladesh
Will acquire 55% paid up equity share capital in RAK paints for Rs 45.8 Cr
Acquisition to be complete by 31st July 2018
UPL consortium said to be in talks to buy platform's agri pesticide unit Arysta Lifescience
UPL to team up with Abu Dhabi investment authority for Arysta Lifescience
UPL group's talks for Arysta Lifescience unit said to be in advanced stages