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It is not that only the stock market has been recovering; other macros such as Q1GDP numbers -- which rose in terms of personal consumption, exports and capex albeit on a low base, GST collections which also surpassed Rs 1 lakh crore for the second consecutive month and manufacturing PMI data, which has stayed in expansionary territory from July -- have all demonstrated that the recovery theme is indeed intact.

The second-biggest cryptocurrency rose as high as $4,027 on Friday before paring gains. It was at $3,914 as of 12:06 p.m. on Saturday in Hong Kong, trading at levels only reached previously in May. Ether has gained more than 50% since the end of July, with the Ethereum network’s London upgrade early last month reducing supply increases.

Analysts said smaller life insurance companies are struggling and many of them are up for sale. As there are not many suitors for firms without sizeable bancassurance distribution, the premium valuation paid for Exide Life looked unwarranted.

Losses were capped by concerns that US supply would remain limited in the wake of Hurricane Ida, which cut production from the US Gulf of Mexico.

This month’s output is expected to be between 180,000 and 215,000 units, which would be the lowest in almost a decade excluding the months when production was curbed due to the national lockdown last year to curb Covid-19 infection.

“India needs a judicious set of policies and regulations to create new opportunities, and appropriate steps are imperative for boosting viability of the sector and establishing a thriving three-private plus one PSU player (market) structure…,” Vodafone Idea (Vi) managing director Ravinder Takkar said.

Jio wants the government to auction spectrum for satellite broadband service providers and make them abide by the same security requirements as telcos, while Airtel chairman Sunil Mittal believes “there is absolutely no case for auctioning satellite spectrum”.

In August, the lender had said that Sebi had exempted the Jammu & Kashmir government from complying with its norms on substantial acquisition of shares and takeovers in the proposed acquisition of 16,76,72,702 equity shares (6.06 per cent) of the bank during 2021-22.

In another transaction, India Capital Management sold 216,854 shares of Kirloskar Industries at Rs. 1,407.1 apiece through a block deal on the BSE.

On the sectoral front, consumer-facing sectors like FMCG, retail and aviation are expected to do well as Indians venture out more amid relaxing of restrictions by most state governments.