The Supreme Court on Monday extended its interim order on stay on proceedings against former Karnataka Chief Minister BS Yediyurappa in a corruption complaint till further orders.
The indices rose on Monday tracking gains from Friday's US markets amid hopes of slower interest rate hikes coupled with healthy corporate earnings back here in India and the seeming return of foreign funds during the past week. The rally in the markets was backed by stock-specific movements
The Bengaluru-headquartered firm is offering fresh shares worth Rs 400 crore and is selling Rs 100 crore shares through the offer-for-sale at a price band of Rs197-207 apiece.
Share of the company has a face value of Rs2 apiece and will be listed on BSE and NSE. The lead managers of the firm
BSE LargeCap rose 11.18 points to 6,909.22 with Maruti, Gail, Bosch, NTPC as active stocks on the index. BSE SmallCap declined 177.55 points to 28,688 while BSE MidCap went down 104.37 points to 25,047.34 level.
The stocks on Indian bourses rallied in the morning trade and declined after that, picking up cues from volatile Chinese markets which reeled under the anticipation that Chinese President Xi Jinping's new leadership team might prioritise the state at the expense of the private sector.