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“Sectors that have gone through a time value correction would start going up. Not on the basis of the earnings but from a pure valuation angle, they may hope to get recognised.”

The issue had opened on August 25, and closed on August 30, 2021, and the bank had targeted to raise up to Rs 3,000 crore equity capital through this issue.

On the Multi Commodity Exchange, nickel contracts for the August delivery gained Rs 4.20, or 0.29 per cent, to Rs 1,448.50 per kg in a business turnover of 1,707 lots.

The Nikkei share average climbed 1.08% to 28,089.54, closing above the 28,000 level for the first time since Aug. 12. The broader Topix gained 0.54% to 1,960.70.

Australian stocks took cues from solid current account data and an upbeat New York session overnight, Jeffrey Halley, a market analyst at OANDA, said in a note.

At the close, the blue-chip CSI300 index ended 0.16% lower, with the consumer staples sector down 1.58% and the healthcare sub-index down 1.98%.

A total of 13,414 shares changed hands on the counter till 02:14PM (IST).

“Pace of market expansion higher than economic rebound. I am not too surprised by what we have seen with the midcaps. I would not be too surprised if there is some kind of a pullback in this space over the rest of the year.”

The stock quoted a 52-week high of Rs 4298.25 and a 52-week low of Rs 2219.0.

Analysts said there were growth prospects in Indonesia and the acquisition was attractive value-wise. The deal could increase the fair value of Burger King India by Rs 25 apiece, they said. But for now, they have kept the price targets unchanged.