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Banking is expected to do well over the next 12 to 18 months specifically given the fact that the NPA cycle is behind us, the credit growth is picking up.

“We believe investors should trade carefully in the coming 2-3 days as international markets may have some uncertainty or challenges before the coming FOMC meeting,” said Mohit Nigam, Head - PMS, Hem Securities.

The IPO of SJS Enterprises is a complete offer for sale exercise of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares with Rs 90 crore by KA Joseph.

The smallest IPO in this group has not been the talk of the town, though analysts covering the issue are bullish on the company.

Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 103318.12 Crore) operating in Cement sector.

The domestic steel giant reported an over 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 30, 2021. The company had posted Rs 436.52 crore net profit in the year-ago quarter.

A total of 17,013 shares changed hands on the counter till 10:51AM (IST)

The 30-share BSE Sensex was up 173.19 points at 59480.12

The stock quoted a 52-week high price of Rs 7462.95 and low of Rs 3405.0.

The fund has achieved the first close with investments from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund will be investing primarily in mid-to-late stage technology-enabled companies with scaleable business models and a favourable risk-return profile. The sector-agnostic fund will be investing in companies catering to latent demands with multiyear growth potential and differentiated business model.