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The bidding was majorly driven by retail bidders, whose portion was subscribed 81 per cent. Employee quota was subscribed 40 per cent, whereas HNI quota received only three per cent bids so far. The institutional quota did not see any bids yet.

So far in the current calendar, the rupee has depreciated close to 4 per cent against the US dollar, hitting an all-time low of 77.5250/$1 on Monday.

As of 31-Mar-2022, promoters held 45.25 per cent stake in the company, while FIIs held 19.8 per cent and domestic institutional investors had 17.64 per cent.

Barring Terra and the dollar-pegged Tether, all major crypto tokens witnessed some gains on Wednesday. Shiba Inu rallied 9 per cent, followed by a 4 per cent rise in Solana. Avalanche, XRP and BNB gained 3 per cent each.

Among Sensex stocks, Tech Mahindra rose 1.7 per cent to Rs 1,263.70. Tata Steel advanced 1.43 per cent to Rs 1,182.05. HDFC, Bajaj Finserv, Power Grid, Bharti Airtel and UltraTech Cement rose up to 1.2 per cent. ICICI Bank and HDFC Bank added up to 0.6 per cent.

Gold is seen as a hedge against inflation and a safe store of value during times of political and economic crises but is highly sensitive to rising short-term US interest rates, which raise the opportunity cost of holding zero-yield bullion.

The total revenue from operations was Rs 5,260.33 crore, up 14.19 per cent from Rs 4,606.45 crore the company reported in the year-ago quarter.

On Tuesday, Vi said that the telecom department had computed the net present value (NPV) of the accrued interest due to the four-year deferral of the spectrum and adjusted gross revenue (AGR) payments at Rs 16,133.1 crore, a calculation since confirmed by the telco.

Welspun India’s scrip slumped to a low of Rs 70.30 as against the previous close of Rs 77.05 on the BSE.

Majority of the brokerages are positive on the issue and have suggested subscribing to it, tracking its sound financials, growth prospects, healthy margins and expansion plans. However, a few of them are wary of the valuations of the company.