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Among Sensex stocks, Tech Mahindra, Power Grid Corp, NTPC, Infosys, Wipro, HDFC and TCS were the top losers in today’s trading session

The company is in talks with at least four foreign banks -- JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley -- as well as Indian banks including Kotak Mahindra Bank. Ltd. and Axis Bank Ltd. as it seeks arrangers for the listing, said one of the people, who asked not to be named discussing confidential conversations. The unit may be valued at $3.5 billion to $4 billion, the person said.

Domestic revenues of the bank during the second quarter stood at Rs 4,794.76 crore while international revenues stood at Rs 170.08 crore.The capital adequacy ratio of the bank at the end of the second quarter stood at 14.02 per cent, registering a marginal decline from 14.31 per cent in the corresponding previous period.

The OFS will see the sale of shares to the tune of Rs 166.74 crore by SCI Investments V, Rs 719.41 crore by Matrix Partners India Investment Holdings II LLC, Rs 12.08 crore by Matrix Partners India Investments II Extension LLC, Rs 361.44 crore by Norwest Venture Partners X- Mauritius and Rs 700.31 crore by TPG Asia VII SF Pte Ltd.

The lender had in October filed for a nearly Rs 1,000 crore IPO which was to include Rs 800 crore of primary issuance and also a Rs 200 crore offer-for-sale from existing investors. However, the same has lapsed as it was to be done within a year.

“In terms of corporate bonds, the challenge for mutual funds is we do not have enough issuers. NPF is a different segment but when you say corporate bonds, people also like to have manufacturing corporate AAA corporates as a part of their portfolio and that is quite visible if you see banking credit also. Corporate credit is not really growing that much and the same is reflecting on the bond side.”

Brokerage Motilal Oswal Securities expect Titan to report a 15% on-year growth on the jewellery segment, and a robust 20% growth in watches and wearables

While describing buying the dips as a prudent strategy, the brokerage said, "According to the past two decade’s seasonality, buying in September-October has been rewarding on 16 out of 22 occasions, as Q4 calendar year returns have been positive to the tune of average 11% However, such a move has been non-linear."

“If we are talking about shorter term, PSU banks still have potential. PSU banks have come out with 13-14% kind of growth last quarter and the management were still saying that they may grow at that level. I see some potential in stocks like Canara Bank and Indian Bank which are still trading at a discount to their book value. In the private sector, IndusInd Bank still trades at a good discount to the other private sector banks. ”

The company has consistently delivered revenue and business growth every year and continued distributions to shareholders in the form of dividends and buybacks every year since its listing 5 years ago, SIS group managing director Rituraj Sinha said.