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As many as 6 merchant bankers had made a presentation before the government officials on August 12. The official told PTI that the five bankers selected are ICICI Securities, Axis Capital, Citigroup Global Markets, HDFC Bank and IIFL Securities.

“In Q1, it looks like there is a dip by about 2% in market share, but if you compare it with the March 2022 figures and the June figures, it is up by 2.1%. The IRDA figures are already out and in July, we gained about 3% of the market share. This market share gain has come on the back of very strong performance in the P&GS business.”

The 30-share pack settled 417.92 points higher at 60,260.13. Its broader peer, Nifty50, advanced 119 points and managed to top the 17,900 mark. This was the seventh consecutive day of gains for the index.

Despite a muted Q1 performance from the hospital chain, analysts see an up to 45 per cent upside potential in the counter as they are expecting the second quarter to be better than the first one.They also believe that occupancy will increase in the September quarter and the acquisition of Sunshine will support its bottomline.

​The nation’s sovereign bonds may be added to JPMorgan’s GBI-EM Global Diversified bond index with an initial 10% weightage, analysts Danny Suwanapruti and Santanu Sengupta wrote in a note to clients. India’s $1 trillion sovereign bond market is one of the biggest emerging markets not to be part of any global index.

A total of 67,606 shares changed hands on the counter till 02:10PM (IST)

The company has not taken any such decision as reported in the news article; and as such, no event has occurred that would have triggered an obligation for the company to make a disclosure under Regulation 30 of SEBI Listing Regulations," it said.

"Risk appetite globally has increased and a lot of money is moving to equities. Investors have faith that central banks and governments globally will tackle macro issues relating to inflation and growth well. Corrections have been small in terms of value and time and fresh buyings are happening every fall," said Deepak Jasani of HDFC Securities.

“Singer’s new owners were looking for some Indian investors to help it grow and that is why on Tuesday there was sale of some stake by Retail Holdings (India) B.V. The new local investors including Rare Investments are financial investors but they will help chalk out plans to grow the company as well.”

Promoters held 48.76 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 20.71 per cent and 9.82 per cent, respectively.