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The Dow Jones Industrial Average rose 22.17 points, or 0.06 per cent, at the open to 36,312.49.

Friday is likely to see the levels of 18,300 and 18,375 as immediate resistance points. The supports come in at 18,160 and 18,050 levels

The public issue is purely an offer of sale (OFS) of equity shares by promoter and other selling shareholders

India’s largest bank reportedly obtained bids worth about $1 billion of which it retained $300 million worth of subscriptions

“This partnership brings together two investment managers that can leverage on their strengths of investment expertise to provide the best value to their respective investors,” said Shamit Chokshi, head of international business at ICICI Prudential AMC.

IDBI Trusteeship sold 10 crore shares of GTL Infra on BSE and 25 crore shares on NSE at Rs 2.03 and Rs 2.04 apiece, respectively.

Registering its fifth session of gain on Thursday, the 30-share BSE benchmark jumped 85.26 points or 0.14 per cent to settle at 61,235.30.

The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said.

New curbs to curtail the third wave of the Covid-19 pandemic in India, as well as GST costs and surging retail inflation, are seen as reasons for the lack of discounts on Swiggy and Zomato.

The bolstered plan is likely to focus on convergence in capex by the Centre and the states as well as various ministries and departments, apart from a higher allocation to the capital budget.