Latest Stock Market News

These bonds, issued by the Reserve Bank of India on behalf of the government, earn more than 10-year benchmark government bonds and fixed deposits, distributors said.

The downward start in Asia comes as a global risk rally this week, sparked by traders re-adjusting Federal Reserve interest rate cut bets following Wednesday’s benign inflation data, loses steam. The focus will now shift to official Chinese data due Friday that is likely to show the world’s second-largest economy failed to break a deflationary cycle last year.

Funds from the Capital Infra Trust InvIT IPO will be used for providing loans to the project SPVs for repayment of external borrowings, in part or in full, from the financial lenders and providing loans to the project SPVs for repayment of unsecured loans and general corporate purposes.

A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday.

This will be the second instance of the company splitting its stock. Prior to this, Nava had split its stock from a face value of Rs 10 per share to Rs 2 per share in August 2005, according to the Trendlyne data.

Spot gold was flat at $2,715.21 per ounce as of 0047 GMT, hovering near a more than one-month peak hit on Thursday. Bullion has gained about 1% so far this week.

Stocks that were in focus include names like SBI Life, which rose 3% and DMart, which gained 1% and LTIMindtree, whose shares jumped 2.5% on Thursday.

The IPO, which was completely a fresh equity sale of 41.76 lakh shares, was subscribed over 300 times at close. This was mainly driven by heavy bidding from non-institutional investors, whose category was booked over 800 times.