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Kotak Mahindra Capital is one of the advisors to the deal, and the private equity investors are offering a discount of upto 7% from the current price. The floor price has been set at Rs 1,785.65 a share.

The S&P BSE Sensex closed 0.15% higher at 69,928, while the NSE Nifty 50 index closed just below the 21,000 level. Jindal Steel has recently experienced a robust breakout on the daily chart, accompanied by a significant surge in trading volumes. The stock is currently trading above its short-term moving averages, signifying a positive trend. The momentum indicator, RSI, is above the 60 level, confirming the presence of bullish momentum in the stock.(Kunal Shah, Senior Technical and Derivative Analyst, LKP Securities)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Despite a pledge by the OPEC+ group, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, to cut 2.2 million barrels per day (bpd) of crude oil production in the first quarter, investors remain sceptical about compliance

Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and fraud charges against its CEO, Sam Bankman-Fried, undermined the credibility of the industry

The Nifty Pharma index closed 0.76 per cent down at 16039.9.

The Dow Jones Industrial Average rose 6.46 points, or 0.02%, at the open, to 36,254.33.

The company has appointed Jayesh Sanghrajka as the new CFO. The company noted a deep sense of appreciation for the services rendered by Roy and for his contributions to the company. Jayesh has over 25 years of experience across a wide spectrum of finance functions. He has worked at Infosys for 18 years – first between 2000-07 and currently since December 2012.

The Relative Strength Index of the stock stood at 66.73 on Monday.

The stock quoted a 52-week high price of Rs 5750.95 and low of Rs 4120.0.