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During the day, Paytm shares hit an all-time low of Rs 1,051, eroding over half of the value from its IPO price of Rs 2,150.

Dinesh Gupta, Co-founder, UnlistedZone said the company is trading around Rs 170-175 in the pre-IPO market. He expects IPO to be priced in the range of Rs 175-200 per share.

The long drawn legal battle between Amazon and Future Group took a turn when the CCI suspended its earlier approval of Amazon’s investment in Future Coupons on the grounds that the ecommerce firm did not make full disclosures.

The pan-European STOXX 600 fell 0.2% as of 0825 GMT, with healthcare, food & beverage and travel stocks leading declines.

Analysts warned that the resolution plans suggested by companies vying to buy Sintex’s assets proposed to write off the existing equity fully

"So in a long-term sense, equity mutual funds actively managed should stabilise at about 50-60 bps of net earnings to any manager. India will be lower compared to many other markets."

The 30-share pack Sensex rose 85.26 points or 0.14 per cent to close at 61,235.30. The index gyrated in a range of 400 points. Its broader peer NSE Nifty climbed 45.45 points or 0.25 per cent to 18,257.80.

Initial price guidance was around 185 basis points (bps) over U.S. Treasuries (UST) for a tranche due in between 14-1/2 and 15 years and around 235 bps over UST for paper maturing in 24-1/2 to 25 years, the document from one of the banks on the deal showed.

This Bitcoin & Ethereum futures ETF will be the first crypto-backed futures ETF outside of US and the first Asian discount certificates tracking Metaverse large-cap stocks in US and Europe markets.

"The development of a transparent derivatives market is a critical inflection point for any asset class and we believe it will unlock further participation in the cryptoeconomy for retail and institutional investors alike," it said in a blog post on Wednesday.