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Gold futures on MCX dropped 0.38 per cent or Rs 195 down at Rs 50,613 per 10 gram. However, silver futures were trading lower by 0.27 per cent or Rs 173 at Rs 62,876 per kg.

On Fed, foreign brokerage Nomura said labor market imbalances worsened in March, adding that it may keep a pressure on the Fed to remain hawkish.

JSW Energy’s scrip rose to a high of Rs 320.60 as against Rs 305.35 at previous close on the BSE.

“When we become a merged entity, the holding company discount should go away and you should logically see a Rs 60,000-65,000 crore accretion in the market again. Then we own 21% in the equity in the bank. The entire 21% today is perceived to be or is considered as foreign but when we move into the bank, only the actual foreign shareholding in HDFC will be constituted as foreign, which is roughly about 69%.”

Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price. About 10% of the float, meanwhile, has been earmarked for LIC’s policyholders, who will receive a 60-rupee discount on each share.

A total of 1,998,466 shares changed hands on the counter till 11:01AM (IST).

Alembic Pharma delivered a better than expected operational performance, led by better-than-industry growth in the Domestic Formulations (DF) segment and a one-time opportunity in US Generics.

Sharekhan expects standalone profit to surge 46.6 per cent YoY to Rs 2,466 crore. It sees NII climbing 27.3 per cent YoY to Rs 4,894 crore. NIM is seen at 4.5 per cent.

If the account is classified as fraud, it will prevent Kanoria from regaining control over the companies. Under 12A of the Insolvency and Bankruptcy Code (IBC), a promoter classified as a wilful borrower or an account classified as fraud cannot submit a settlement plan to lenders. Srei Equipment Finance and Srei Infrastructure Finance were admitted for corporate insolvency proceedings by the RBI last October. A fraud tag can also affect a defaulting promoter’s ability to control other businesses.

The number of goods bought, or volumes, fell 0.8% in the quarter, according to global consumer research firm Kantar Worldpanel (formerly IMRB).