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CARE Ratings is currently evaluating Nayara Energy’s rating/outlook revision amid global sanctions on Moscow, said three people familiar with the matter. Those bonds were rated AA with stable outlook at the time of issuances. Nayara was formerly Essar Oil.

Large state-owned and private banks were seen selling dollars on behalf of the RBI both in the spot market, and through GIFT City branches, they said.​

Likely, pockets of metals, auto, PSE and select consumption stocks will continue to relatively outperform the broader markets. It is recommended that shorts must be avoided and fresh purchases should be made in very modest quantities unless a directional bias on the way up is established.

The transaction was worth Rs 27 crore. The stock fell by 2.48 per cent to Rs 76.65 in regular trading on NSE.

The total payout from the company will be Rs 4,832 crore, of which Rs 3,367.42 crore will go to promoters.

The Dow Jones Industrial Average rose 84.56 points, or 0.25%, at the open to 33,379.51.

The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route.

​​Geojit offers end-to-end support on WhatsApp to simplify the process of applying for IPOs for its customers. The key feature of the service is an embedded option called e-IPO, which allows investors to navigate the IPO application process with ease and convenience.

Initially market participants will be able to trade in eight prominent US stocks, and in a phased manner in 50 of them just like traders do in the US.

In the international market, gold was trading marginally lower at USD 1,943 an ounce and silver was flat at USD 25.18 an ounce.