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​New Long is a bullish indicator because it signifies the futures OI and price have increased.​

High-yield bonds are growing in demand among retail savers in India after the removal of indexation benefits on debt held beyond three years. Non-bank lenders are raising funds via the private placement market, with NBFC bonds initially privately placed and sold to large brokers who then sell them to retail savers. A relatively underpopulated corporate fixed deposit space, and the lack of non-convertible debenture issuance in the primary market, are prompting retail investors to turn to these private placement products. Private placement bonds have a face value of INR1 lakh ($1,344), compared to INR10 lakh a year ago.

​Aggressive New Short means the average traded quantity for 5 days along with cumulative Open Interest for the underlying stock has increased whereas the price has decreased.​

Nexus Select Trust real estate investment trust (REIT), which includes a fresh offering and OFS portion, was subscribed 28% on the first day of the IPO. The REIT has a price band of Rs 95-100 per unit and closed on May 11. A day ahead of the IPO, Nexus raised Rs 1,440 crore from anchor investors. At the upper band of Rs 100 per unit, the company has a market cap of Rs 15,150 crore and offers a pre-tax yield of 8% in FY24. It is the largest mall platform in India and includes 17 high-quality assets.

For FY23, the consolidated net profit rose nearly 39% YoY to Rs 39.4 crore, and revenue grew 76% to Rs 1,091 crore.

Indian market regulator SEBI has issued legal notices to government-owned companies PTC India and PTC India Financial Services, demanding explanations on alleged corporate governance lapses. The two firms have been given 21 days to respond to the show cause notice that requires them to explain why action should not be taken against them. SEBI had found preliminary evidence of alleged violations of governance and listing norms. Following the response from the firms, the market regulator will pass a final order that could include monetary penalties or a ban from the capital markets.

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The Dow Jones Industrial Average fell 28.84 points, or 0.09%, at the open to 33,589.85.

The board has also approved the reappointment of Neeraj Kanwar as the managing director of the company for a period of 5 years, effective April 1, 2024.

Revenue from operations of the company during the quarter under review was almost flat at Rs 2,088.80 crore as against Rs 2,075.62 crore in the year-ago period.