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The activist money manager with assets worth $1.3 trillion across the global markets owned a 2.8% stake in UPL as of December 31, 2021, and is the largest foreign institutional investor in the company. It is also the second-largest institutional shareholder in the firm after Life Insurance Corporation (LIC) which owns 10.5% in the company, BSE data showed.

The base deal was for 28 million shares, representing 1.41% of total outstanding equity with a greenshoe option of 12 million equity shares, constituting 0.60% of the total equity base in the event of oversubscription.

The regulator had conducted an examination of the debt capital market operations of Axis Bank during the August 2016 to August 2019 period.

“Our proprietary analysis of Indian household asset holdings (since fiscal 2006) suggests that equities as a percentage of households’ net worth has risen to an all-time-high, though it is still below 5%,” analysts at Jefferies noted. Financial savings are about 36% of about $11 trillion balance sheet.

According to various brokerage reports, based on dealer interactions, the pan India average cement price rose by over 10% to Rs 395 per 50 kg bag as of March 22, 2022, on a month-on-month basis. It grew by 11% based on the year-on-year comparison.

The state-backed infrastructure financing company invested about Rs 1,000 crore in bonds and Rs 325 crore in infrastructure investment trusts (InvITs) so far this year for the first time.

Canada Pension Plan Investment Board was the seller that dumped 4 crore shares (worth approx Rs 6,800 crore) at an average price of Rs 1700.10. Though, it was not clear who bought the rest of the shares that it sold.

Friday can see the levels of 17,300 and 17,360 acting as potential resistance points. The supports come in at 17,150 and 17,035 levels.

Pharma stocks have been in demand given the rapid rise in dollar, which boosts the prospects of the export oriented companies. And, at such a time new drug approvals are definitely cherry on top.

The major reason for selling is perhaps the outflow by foreign investors who are some of the largest investors in Indian private banks. As long as foreign outflow continues, banks are not out of danger.