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Rakesh Jhunjhunwala and his better half Rekha together held a 5.5 per cent stake in the credit rating, research, risk & policy advisory company as of March 31.

​​Analysts see tough resistance ahead. They feel that failure to take out 17,400-450 levels could bring selling pressure to the index. Support seen at 17,050 level, they said.

Analysts believe given the high valuation Campus is seeking in its IPO, suddenly the outlook footwear stocks available at relatively lower value has improved. Thus, Khadim India was the biggest gainer, followed by Bata India.

Bitbns hosts more than 400 cryptocurrencies on its platform. TRACE has joined as the latest addition, following comes after successfully listing several other popular metaverse tokens, including Alien World, RFOX, and DEAPcoin.

The Indian government is looking to sell a 3.5% stake in the state-owned insurance behemoth and the IPO is likely to open in the first week of May. The price band for the per equity share is likely to be announced tomorrow, the sources said.

Broad-based buying pushed the headline indices higher, with financials, IT and oil & gas stocks pushing the 30-share pack Sensex 776.72 points or 1.37 per cent higher to settle at 57,356.61. Its broader peer Nifty50 also advanced 246.85 points or 1.46 per cent higher to close at 17,200, led by a 6% rally in Adani Ports and Bajaj Auto.

“A large part of LIC’s IPO and overhang is already priced into the stock. Closer to filing the DRHP, we had seen prices of the private life insurers correct. Post that, there has been some recovery. I believe that private life insurers are a compelling bet and this sort of an event is a good time to enter those names.”

The platform will enable tokenization of equity to issue ESOPs, raise funds and improve governance through smart contracts, making startup equity a more liquid asset class.

The token, which is being traded on very limited decentralized exchanges, has zoomed as much as 10,520 per cent to $0.000009444 from 0.000000188 in just 24 hours.

In the latest development to pose upside risks to India’s inflation, Indonesia announced a ban on exports of palm oil on Friday in order to ensure adequate supplies in the country.