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A total of 3,467 shares changed hands on the counter till 11:21AM (IST).

Sanofi reported strong results for Q1CY22 with operating margins expanding 139 bps y-o-y and were better than estimated, leading to a PAT ahead of estimates.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 233139.35 Crore) operating in Auto sector.

"Diversify into asset classes like gold or fixed income, which is higher than inflation rates. Generally diversifying as much as possible is probably the best way to beat inflation, outside of borrowing a big loan from a bank at a low fixed rate. Global portfolio managers seem to be adjusting out of India into China and other emerging economies in the region."

Out of $2 billion, $800 million will come through equity infusion from existing investors including parent Biocon and others such as Serum Institute of India, Abu Dhabi-based ADQ.

The Aussie was ailing at a three-month low of $0.7046 , having broken support at $0.7050. It shed 5.7% last month as fears of a recession in Europe and lockdowns in China undermined risk assets. The kiwi dollar was pinned at its lowest since mid-2020 at $0.6448, having lost 6.9% in April. It now risks a further decline to support around $0.6200.

The board of NCL Research and Financial will meet today to consider a rights issue. The meeting was earlier adjourned due to delay in processing of documents. The board of Panchsheel Organics will consider a preferential issue of shares in a meeting today.

​​Earlier, the government decided to reduce the valuation of LIC of India while downsizing the share sale. "Investors drew confidence after such reduction, as they are keen to bet," said head of a mutual fund house. An individual can apply for shares up to Rs 2 lakh. The minimum benchmark is set at Rs 25,000 crore.

Fino Paytech, the holding company and 75% owner of Fino Payments Bank, has voted against a resolution to re-appoint chairman and independent director Mahendra Kumar Chouhan and Puneeta Kumar Sinha, another independent director, on Saturday.

The Gurgaon-based startup held a board meeting on Saturday to discuss whether it should go ahead with the IPO this month. The board cleared the plan and the offer is likely to launch after the LIC IPO subscription window closes on May 9, said sources aware of the matter.