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The case pertains to Unisys giving financial assistance to preferential allottees and enabling those allottees to subscribe to and buy its own shares allotted to them on a preferential basis in March 2011.
In another transaction, SBI Mutual Fund bought 33 lakh shares of Mrs Bectors Food at Rs 303 per share. Shares were sold by GW Crown Pte among others.
The S&P 500 has dropped in five of the last six days while yields on 10-year Treasury notes is set to break a streak of seven straight increases.
On the sectoral front, Nifty auto and bank lost 0.5 percent each, while buying was seen in the FMCG, metal, energy and pharma names
The broader market underperformed the frontliners, with BSE midcap and smallcap indices shedding over a percent each
With monetary support rapidly receding and recession risks rising, investors are hunkering down. Companies resilient to an economic slowdown such as health care are back in favor. Ditto cash and dividend-paying stocks. Meanwhile, demand for hedging is creeping up in the options market.
Asian shares were down while the U.S. dollar held strong on Tuesday, as Treasury yields spiked to a three year high ahead of U.S. inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.
The dollar index was back above 100 on Tuesday morning, supported by high U.S. yields ahead of inflation data that is expected to show U.S. prices gained the most in over 16 years, reinforcing expectations of aggressive Fed tightening policy.
More than 250 stocks, including Vedanta, ITC, Linde India and Jindal Steel and Power, however, touched their 52-week high on the BSE
Baba Ramdev’s Patanjali Ayurved-led Ruchi Soya has recently raised Rs 4,300 crore through its follow-on public offer, and the part of the proceeds has been utilised to repay the debt.