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Benchmark indices opened on a positive note on August 28, tracking positive cues from Asian markets.
Shares rose across the board, led by securities brokers rallying about 7%. Other sectors, including real estate, insurance, new energy and construction engineering, jumped between 3.5% and 5%.
The move comes after the company said in a filing on Friday that it had “fulfilled the resumption guidance” set out by the bourse, including belatedly publishing its financial results and complying with other listing rules.
It has also formed higher highs and higher lows patterns, and it is trading above all important moving averages. The structure of the counter becomes so lucrative for long-term investors.
In January 2023, Indian stock exchanges shifted to a shorter and faster ‘trade-plus-one’ (T 1) settlement cycle, marking a significant milestone in capital markets
The IPO is a complete offer for sale, wherein promoters and other shareholders plan to sell 28,028,168 shares of the company. If the IPO sails through this time, Medi Assist will be the first insurance third-party administrator (TPA) in India to be listed.
The volume and delivery scan provides the list of stocks that witnessed an increase in traded as well as delivered quantity
The state-owned bank’s bond issue is likely to have a base size of ₹500 crore and a greenshoe option of ₹1,000 crore, with bidding for the sale expected to take place on August 29, sources said. The bonds are likely to be of 10-year maturity.
The RBI’s foreign exchange reserves were at $594.89 billion in the week ended August 18, down $7.27 billion. The decline was the largest since the week ended February 10, RBI data showed.