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Bankers who underwrite equity or debt offerings are forecast to receive payouts that are 40% to 45% lower than in 2021, while their counterparts who advise on mergers and acquisitions will get bonuses that are 15% to 20% lower than last year.

The Nifty Realty index was trading 0.74 per cent down at 449.95.

The continent-wide STOXX 600 index rose 0.1% by 0813 GMT. The utilities index rose 0.9%, leading the sectoral advance, while real estate stocks added 0.4%.Vodafone shed 4% after cutting its full-year free cash flow forecast and said earnings would come in towards the bottom of its range. European telecoms were down 0.5%.

"Comex gold prices are hovering near three-month highs. Rising US interest rates weighed heavily on metal markets this year, as higher yields on treasuries ramped up the opportunity cost of holding non-yielding assets," said Vinay Rajani, Research Analyst at HDFC Securities

​Stocks often fall after lock-ups expire, as investor selling puts downward pressure on shares. It’s not immediately clear what the sale strategy of large Paytm shareholders will be. Ant and Alibaba own over 30% of shares between them, SoftBank owns nearly 17.5%, while Berkshire Hathaway Inc.’s holding is about 2.5%.

The share of domestic mutual funds in companies listed on the NSE rose for the fifth quarter running and reached an all-time high of 7.97% in Q2, up from 7.95% in the previous June quarter.

The pharmacy major that runs full-service diagnostic centres in Hyderabad is planning a further capital allocation of Rs 9,000 lakh. "The company expects operating EBITDA break-even in 12 months for the diagnostic centers," the brokerage noted.Since its listing in December last year, the stock has fallen over 22% from the issue price of Rs 796.

Analysts tracking the grey market said the issue received a strong response from institutional bidders which boosted the sentiments over the issue. One can expect a mildly positive listing for the stock.Abhay Doshi, co-founder at UnlistedArena said the company received a strong response from QIB bidders which pushed the morale of investors despite aggressive pricing. "One can expect 10-15% returns on debut."

In case a special resolution for the appointment of an independent director fails to get the requisite majority of votes, but the votes cast in favour of the resolution exceed the votes cast against the resolution, and the votes cast by the public shareholders in favour of the resolution exceed the votes cast against the resolution then the appointment of such an independent director shall be deemed to have been made," Sebi said.

Among Sensex stocks, Power Grid Corp, ICICI Bank, Bharti Airtel, UltraTech Cement, SBI, M&M, Dr Reddy’s Labs, Asian Paints and Titan were the top performers in today’s trading session, surging about 1-2.5%