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Against this backdrop, the watchdog has decided to provide relaxation till September 30, 2023, from LODR (Listing Obligations and Disclosure Requirements) Regulations, pertaining to dispatching of hard copies of the annual report to shareholders, according to a circular.

The consent has been given on the condition that the government’s voting rights in the lender should not exceed 15% of the total voting rights of the bank, IDBI Bank said in a release

The Nifty IT index closed 0.52 per cent down at 28527.75.

Fed officials projected in December that the main interest rate, currently in the 4.25%-4.50% range, would rise to just over 5% in 2023 and likely remain there for some time.

Helping drive the gains on Thursday was a statement from top U.S. pipeline operator Colonial Pipeline, which said late on Wednesday its Line 3 had been shut for unscheduled maintenance with a restart expected on Jan. 7.

In Thursday’s trading session, the shares of the company ended with a cut of 1% at Rs 174.85 apiece on the NSE. As per the latest corporate shareholding filing, Khanna holds 21 stocks with an estimated net worth of Rs 394 crore.

An increasing number of companies have been doling out bonus shares since the past few months. This has come as a golden opportunity for some promoters waiting to take a quick exit from their holdings, thanks to the bonus-triggered boost in liquidity in the shares.

Analysts said today’s intra-day recovery shows that buying is expected to emerge from near the lower support of around 17750-17800 levels.

At the interbank foreign exchange market, the local unit opened at 82.75 and touched an intra-day high of 82.50 and a low of 82.80 against the greenback.It finally ended at 82.50 (provisional), registering a rise of 32 paise over its previous close.

The 30-share BSE Sensex ended 304 points lower at 60,353.27 after it failed to hold on to initial gains. Nifty shed 50 points and closed below 18,000 level. Broader markets, however, gained, with Nifty Midcap 100 gaining 0.5%.