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The Fund will sell about 3.3 crore shares or a 1.6% stake in the bank at a price range of Rs 1,792-1,886. The lower end of the floor price is about a 5% discount.

Hindustan Aeronautics Ltd (HAL) is considering a sub-division of equity shares to increase liquidity in the stock market, according to a filing. As of Thursday, HAL shares had hit a 52-week high after gaining 14% in the past five days. Analysts are optimistic that the strong order book and high revenue growth potential will help the stock rise further. Foreign institutional and mutual fund investors also seem to agree, as they have steadily increased their holdings for the past four quarters. Jatin Gohil, a technical and derivative research analyst at Reliance Securities, said the stock could move towards its channel breakout point of Rs 3,800 in the short to medium term.

The Dow Jones Industrial Average fell 8.04 points, or 0.02%, at the open to 33,656.98.

Domestic brokerage Nuvama Research expects the Indian IT services sector to deliver handsome returns over the next two-three years.

The Relative Strength Index of the stock stood at 72.36 on Thursday.

As of 31-Mar-2023, promoters held 59.39 per cent stake in the company, while FIIs held 24.97 per cent and domestic institutional investors had 3.17 per cent.

The Reserve Bank of India (RBI) has allowed banks greater flexibility to set their own limits to borrow from the interbank call money market to facilitate better management of liquidity. Banks can presently borrow all of their capital funds on a daily average basis in a fortnight, and 125% of capital funds on any given day. Despite speculation that this could increase liquidity, experts suggest that smaller banks could be more likely to borrow more via this window rather than larger ones.

ETMarkets.com has identified 10 stocks from the BSE universe that have consistently achieved gains exceeding 10% in each of the last three months.

The stock traded at a P/E multiple of 58.85, while the price-to-book value ratio stood at 2.34.

A total of 10,297 shares changed hands on the counter till 02:09PM (IST)