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Since the IPO was entirely an offer-for-sale, the company will not receive any proceeds from the public issue. Price range for the offer was at Rs 824-866 per share

“HCL Tech, Infosys and to some extent TCS provide better entry points and comfort in terms of new allocation.”

The Nikkei share average advanced 1.08% to close at 27,579.87, while the broader Topix rose 0.94% to 1,952.22.

Some transient wrath of bond traders is a fair exchange for safeguarding growth momentum at a time when the lingering aftereffects of the ebbing pandemic are still to be fully comprehended

Rahul Talele, Group CEO, Kolte-Patil Developers Ltd, said: "We have hit significant sales milestones in Q3 FY22, which has been our best-ever quarter in the last seven years both in terms of sales volume and value."

Down 20 per cent this calendar, the scrip is in a bear grip. But analysts are unfazed as they believe receding pandemic concerns and opening up of schools will drive growth for IGL in March quarter

The stock quoted a 52-week high price of Rs 4577.45 and a 52-week low of Rs 2660.9.

The company also announced its December quarter earnings which impressed many. BSE almost doubled its consolidated profits for the quarter compared to the same quarter year ago but sequentially the numbers were lower given market consolidation throughout the December quarter.

Gold futures on MCX were up 0.09 per cent or Rs 42 at Rs 48,471 per 10 grams. Silver futures rose 0.29 per cent or Rs 183 to Rs 62,550 per kg

“In particular, the air care business is a very underpenetrated category in parts of the developing world and it will see pretty sharp increases as incomes go up, says Sudhir Sitapati.”