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Sanstar is aiming to raise ₹510 crore through its IPO, consisting of a fresh issue of ₹397 crore and an offer for sale of up to 1.19 crore shares at a face value of ₹2 each. The company has set a price band of ₹90-95 per share, with investors able to bid for a minimum of 150 shares per lot.

Both the S&P BSE Sensex and the Nifty50 reached historic highs in intraday trading on Thursday, with the Sensex peaking at 81,522 and the Nifty50 at 24,837. Strong buying activity was observed in auto, banking, telecom, FMCG, and IT sectors, while power, industrials, and capital goods stocks experienced some selling pressure.

IT stocks pushed Indian benchmark equity indices to record closing highs even after making a weak start.

ICICI Prudential Mutual Fund’s portfolio consists of 255 MF schemes and it manages assets worth Rs 8.11 lakh crore as of June 2024.

​Indian benchmark indices logged record closing highs on Tuesday, led by gains in heavyweight IT stocks. The S&P BSE Sensex closed 0.06% higher at 80,716, while the NSE Nifty50 index ended above the 24,600 level.

During the quarter, the company handled cargo volumes of 27.8 million tonnes which is higher by 9% over the last year. The increase in the volume is primarily on the incremental volumes from the acquired assets and increased capacity utilisation at the Paradip Iron Ore and Coal Terminal, the company said.

The rupee weakened despite a decline in the dollar index. The dollar index stood at 103.83, after declining to a four-month low of 103.6 in the previous session, according to LSEG Data. “The market has priced in a 100% 25 basis point rate cut in September, so the dollar index had to fall”, a foreign exchange dealer said.

Short covering occurs when investors buy shares to close out an existing short position, indicating a transition from strong bearish sentiment to a more bullish outlook.

Vi added that following this allotment, the telco’s paid-up share capital stands increased to Rs 684,540,864,730, comprising 68,454,086,473 equity shares of the face value of Rs 10 each.

The Nifty Auto index closed 0.37 per cent up at 25576.7.