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“Residential real estate is in for a strong recovery as residential focused real estate players with good corporate governance and good balance sheets should be a big beneficiary. Second, all the ancillary companies -- tile manufacturers, consumer durable producers, wires and cables makers would also ride that demand. ”

The Nifty Bank index closed 0.19 per cent down at 36761.15.

On the Multi Commodity Exchange, zinc contracts for the September delivery rose 95 paise, or 0.39 per cent, to Rs 244.90 per kg in 1,040 lots.

Investec Securities says that investment in the non-related life insurance business was one of the major sticking points with investors in relation to Exide Industries.

On the technical charts, the 200-day moving average of the stock stood at Rs 1025.85.

Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 37.74 per cent and 11.35 per cent, respectively.

This would be the first time that the cryptocurrencies will be categorised as per the technology used by them, but the government’s focus would be based on the end use of the asset class for regulatory purposes.

According to the DRHP, the company would issue fresh equity shares worth up to Rs 322 crore and existing shareholders will offload up to 2,15,25,000 equity shares from their stake through offer for sale (OFS).

Nikkei share average rose 2.04% to 29,128.11, its highest close since June 16 while the broader Topix vaulted as much as 1.61% to 2,015.45, reaching levels not seen since April 1991.

The pan-European STOXX 600 index was down 0.1% but held below its all-time high and was on track for a slim weekly rise.