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Analysts warned that the resolution plans suggested by companies vying to buy Sintex’s assets proposed to write off the existing equity fully

"So in a long-term sense, equity mutual funds actively managed should stabilise at about 50-60 bps of net earnings to any manager. India will be lower compared to many other markets."

The 30-share pack Sensex rose 85.26 points or 0.14 per cent to close at 61,235.30. The index gyrated in a range of 400 points. Its broader peer NSE Nifty climbed 45.45 points or 0.25 per cent to 18,257.80.

Initial price guidance was around 185 basis points (bps) over U.S. Treasuries (UST) for a tranche due in between 14-1/2 and 15 years and around 235 bps over UST for paper maturing in 24-1/2 to 25 years, the document from one of the banks on the deal showed.

This Bitcoin & Ethereum futures ETF will be the first crypto-backed futures ETF outside of US and the first Asian discount certificates tracking Metaverse large-cap stocks in US and Europe markets.

"The development of a transparent derivatives market is a critical inflection point for any asset class and we believe it will unlock further participation in the cryptoeconomy for retail and institutional investors alike," it said in a blog post on Wednesday.

Independent Analyst Manish Shah said, the sizes of the candle bodies are progressively reducing, as Nifty50 is approaching its all-time high of 18,640.

The partially convertible rupee settled at 73.92/$1 as against 73.91/$1 at the previous close. The Indian currency, which opened at 73.7560/$1, moved in a band of 73.76-74.06/$1 in during the day.

The Nifty Auto index closed 0.35 per cent up at 11686.15.

Anand Rathi is estimating profit at Rs 3,439.40 crore, down 13.6 per cent YoY. It sees the sales figure at Rs 21,833 crore, up 11.3 per cent YoY. Margin is seen plunging 482 basis points YoY to 23.4 per cent.