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The FPO will open for subscription on January 27 and close on January 31. The company will issue fresh shares on a partly-paid basis under a 100% book-built offer.

Earlier in the week, gold hit a record high of Rs 56,317 before retreating downwards. The fall from record highs was mainly due to profit-taking by short-term futures traders, while a rebound in the dollar index and falling crude oil prices have also capped gains.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. For more such web stories click on the ET icon below

Tata Metaliks, incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2734.77 Crore) operating in Metals - Ferrous sector.

The Nifty Bank index was trading 0.31 per cent down at 42327.3.

A total of 13,677 shares changed hands on the counter till 11:12AM (IST).

On the technical charts, the RSI of the stock stood at 26.49.

But analysts acknowledged that some optimism that possibly prevailed at the start of the January derivative series gradually withered with the continued selling by foreign institutional investors (FII).

Asian Paints is likely to report moderation in sales growth and a likely decline in volumes in the December quarter, according to analysts. For more such web stories click on the ET icon below

“The crucial issue influencing equity markets globally is whether the US will succeed in containing inflation without falling into a recession. There is no consensus on this,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.