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Out of the nine issues since April, the HNI portion was not fully subscribed in three issues such as Paradeep Phosphates, Delhivery, and Prudent Corporate Advisory.

Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB. After ending Monday firmer, Nasdaq futures lost 1.3% with traders blaming an earnings warning from Snap which saw shares in the Snapchat owner tumble 28%.

Adani Ports, Grasim Industries, Minda Industries, IPCA Labs, Bayer CropScience, The Phoenix Mills, Bank of India and Metropolis Healthcare are among companies which will announce their quarterly earnings today.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1763826.98 Crore) operating in Diversified sector.

On an average, a two-wheeler, a passenger car and a heavy commercial vehicle comprise of about 110, 800 and 3,000 kg of steel. Every 10% drop in steel prices potentially expands automakers’ margins by 60-200 basis points. The trend of softening steel prices may continue with the Union Government’s decision to impose 15% export duty on iron ore and steel.

Electronics makers, however, said there are no signs of inflation ebbing in their segment, and demand for entry-level products will remain under pressure over next few quarters.

​​The search-cum-selection committee panel was set up in February to choose a chairman-cum-managing director (CMD) at ONGC and is planning to seek out private sector executives as well.

Experts say that the fundamentals favour India despite the government’s unfriendly attitude towards cryptocurrencies. India will have the maximum number of Web 3.0 developers in the next 12–18 months, and in terms of markets, India was one of the fastest-growing crypto markets globally before the crypto tax announcement.

Analysts at brokerages such as CLSA, IIFL Securities and ICICI Securities downgraded stocks such as Tata Steel, JSW Steel and Jindal Steel.

Analysts said the levy of export duties on steel inputs and outputs as well as reduction of customs duty on inputs are a booster for the sector which has been facing input cost issues.