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Earlier in May, Hulst BV had sold 3.5% stake in Coforge through the open market for Rs 887 crore. The private equity firm has been offloading stake in tranches in the company over the last 2-3 years

The promoter group entity sold 1.12 crore shares in Max Financial at Rs 873 apiece. This is at a discount of around 1% to Wednesday’s closing price of the stock

At an estimated net debt of Rs 332 billion in FY25, RRVL’s enterprise value stands at Rs 8.6 trillion and equity per share value stands at Rs 1,200, shows calculations by MOSL

The Dow Jones Industrial Average fell 33.15 points, or 0.10%, at the open to 34,439.83

Promoter-level entity has generated Rs 30,900 crore through secondary market sale of stake since March this year

Local bonds have been tracking U.S. yields, but they have not fallen much as inflation worries continue to hurt," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank

Thursday’s move signals chances of Nifty sliding down to or breaking below the immediate support of 19300-19250 levels in the near term. Any attempt of an upside bounce could find strong resistance around 19550 levels, said Nagaraj Shetti of HDFC Securities

Sunil Subramaniam, MD & CEO of Sundaram Mutual, predicts rapid rises and falls in sectors such as IT, pharma, metals, global cyclicals, and energy. He suggests that declines will likely occur in sectors that have experienced recent rapid growth due to news flows rather than fundamental factors. Subramaniam also advises caution in infrastructure-related sectors, as the market may have overestimated their potential.

At an estimated net debt of Rs 332 billion in FY25, RRVL’s enterprise value stands at Rs 8.6 trillion and equity per share value stands at Rs 1,200, shows calculations by MOSL

Stocks that were in focus include names like GMR Airport Infrastructure, which was up more than 9% to hit a fresh 52-week high, APL Apollo Tubes, which rose more than 4%, and MTAR Technologies, which closed with gains of nearly 4% to a fresh high on Thursday.