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The S&P 500 Index fell 1.2% in the last hour of trading on Thursday, marking the largest hourly drop for the index in more than three weeks. It finished the day down 1.56%, with some attributing part of the weakness to the large options trade that went down earlier in the day.

"The US IPO market remains on life support," said Bill Smith, chief executive of Renaissance Capital.

A total of 20,682 shares changed hands on the counter till 01:34PM (IST)

Promoters held 69.44 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 11.66 per cent and 4.42 per cent, respectively.

The Relative Strength Index of the stock stood at 65.6 on Friday.

“We are quite confident that the government would keep 50-55% borrowing in the first half but anything beyond that will require heavy hand holding by the Reserve Bank of India to support the market. Both globally and in India, it is unlikely that there will be a huge enthusiasm for buying bonds from many segments of buyers.”

ApeCoin, a latest crypto sensation, is a new ERC-20 governance and utility token used within the wider Ape ecosystem tht has itself experienced tremendous growth throughout the past year.

Majority of the laggards have been hit by rich valuations, muted earnings, abysmal corporate governance and destitute fundamentals, whereas scanty consumer demand has the others.

The Income Tax Department has found alleged illegal business expenses of over Rs 800 crore, Rs 60 crore "unaccounted" cash used to purchase land in Delhi and role of some shell companies after it raided Hero Motocorp and two other groups, officials said on Thursday.

Promoters held 74.36 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 16.46 per cent and 2.63 per cent, respectively.