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BNP Paribas Arbitrage took positions in the stock and bought 33,31,32 shares at an average traded price of Rs 88.58

Last Thursday, the company said it has received Sebi’s go-ahead to list its equity shares on domestic stock exchanges

“The key paradigmatic shift in the regulatory approach towards addressing the risks from bigtechs lies in calibrating the regulatory frameworks with a mix of entity and activity based rules,” the paper said, suggesting formation of holding companies involved in financial activities, and promoting activity specific licenses.

​Cement is a beautiful business – one with regional flavours, many moving parts, clean balance sheets and where many companies make decent money

The Dow Jones Industrial Average gained 650 points, or 2.21%. The S&P 500 jumped 2.75%, and the tech heavy Nasdaq Composite surged 3.33%.

The stock quoted a 52-week high price of Rs 3048.0 and low of Rs 1106.0.

The Nifty IT index closed 0.23 per cent up at 28019.15.

“IRB and Adani are best placed to gain from this new shift in format from HAM and EPC to asset ownership. We believe that IRB should do very well from this. Additionally, because of the private InvITs, they are able to leverage their balance sheet and within the InvITs also, there is a lot of repricing going on because the thoroughfare and the traffic numbers and the servicing of the debt is very strong.”

As buying was seen at lower levels, analysts said the index has to hold above 17,250 zone for an up move towards 17,442 and 17,500 zones whereas supports are placed at 17,171 and 17,071 zones

The Nifty Realty index was trading 0.24 per cent down at 419.05.