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Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) was subscribed 24.89 times and that of non-institutional investors 7.82 times and Retail Individual Investors (RIIs) 3.31 times.

The offshore fund segment witnessed net inflows, after 13 consecutive quarters of net outflows. The category garnered net assets worth USD 13.6 million in the September 2021 quarter, which was in contrast to the net outflows of USD 1.7 billion recorded in the previous quarter.

“We expect a much greater impact of this transformation and the transition to being a platform play will be visible from Q4 of this year onwards.”

Stock market update: Nifty Auto index advances 0.53%

Updated at : 2021-11-10 16:20:01

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The Nifty Auto index closed 0.53 per cent up at 11829.15.

Despite the debt woes of Evergrande, its electric vehicles (EV) unit is pushing ahead with its business plan. The unit is seeking Chinese regulatory approval to sell its inaugural Hengchi 5 sport-utility vehicles.

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Beverage maker Kirin Holdings fell 6.23% after posting underwhelming quarterly results, which were hit by coronavirus restrictions on movement.

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The blue-chip CSI300 index was down 0.5% at 4,821.19, while the Shanghai Composite Index lost 0.4% to 3,492.46 points.

Iloilo City, a city in the Philippines, is the first city in the Asia Pacific where 3 luxury residential properties were sold in exchange for cryptocurrencies in 2019. In particular, the houses were sold for Bitcoin and Litecoin.

Adani Green shares fall 1.13% as Nifty drops

Updated at : 2021-11-10 15:20:01

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The stock quoted a 52-week high price of Rs 1394.0 and a 52-week low of Rs 852.7.

Tim Cook said Apple has been looking at crypto, but might not offer users a way to pay with it anytime soon.

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