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Rights entitlements are the shares offered to eligible shareholders in the ratio of their existing holdings as of the record date fixed by the company. By definition, rights entitlement is a temporary credit of shares to the demat account of the eligible shareholders, which enables them to apply for the rights issue or transfer the rights entitlements to other interested investors.

This will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxation, past losses of a company are not allowed to be set off, if there is change in majority shareholding of a company (i.e. 51 per cent).

Business inventories were depleted in the first half of the year, but shortages amid persistent supply bottlenecks because of the COVID-19 pandemic and recent ports congestion in China are frustrating efforts to replenish stocks. Still, inventory rebuilding is expected to underpin economic growth in the second half of the year.

Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren made frequent or substantial trades in 2020, the Wall Street Journal and Bloomberg reported earlier this week. The trades occurred during a year in which the central bank took major actions to shore up the economy and swooning financial markets after they were broadsided by the coronavirus pandemic.

Senate Finance Committee Chair Ron Wyden and Senate Banking Committee Chair Sherrod Brown said the "Stock Buyback Accountability Act" would encourage large corporations to invest in their workers rather than enriching investors executives by boosting stock prices.

The next big trigger, which the market will be eyeing, is definitely going to be corporate earnings for the next quarter and also government policies that may or may not get announced, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.

The round also saw participation from Oyo Founder, Ritesh Agarwal’s family office Aroa Ventures and existing investors Lightspeed India Partners, Moonstone Investments and Pawan Munjal Family Trust.

That hit high-flying stocks tied to cryptocurrencies, leaving short-sellers smelling blood and increasing their wagers that the decline was only a preview of what’s to come.

Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of the coronavirus is expected to impact the U.S. economy, as the so-called reopening trade that boosted some parts of the market earlier this year continues to stumble.

Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles.