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Under the new rule, the target company will be deleted from the index a day before the ex-date in case of a merger
The country’s reserves were at $529.99 billion by November 4
For the week, both BSE Sensex and Nifty50 indices slipped 0.2 percent each.
Customer management revenue, which tracks how much money merchants spend on Alibaba, fell 7% annually, marking the steepest-ever decline for the segment that typically accounts for 30% of the company’s total revenue.
Several Fed policymakers have signaled rates would go higher than their projections from September and they would have to see a consistent and meaningful decline in price rises to consider pausing the tightening with core CPI running more than three times their 2% target.
Private equity firm TPG Capital will sell shares of Nykaa at floor price of Rs Rs 184.55 apiece worth Rs 1,000 crore through a block deal, according to reports. Citigroup is the banker to the deal.
At close, the 30-share pack Sensex recovered slightly from the day’s lows and settled 230 points or 0.37 percent lower at 61,751 while the broader Nifty slipped 65.8 points or 0.36 percent to 18,344.
Retail stocks slumped broadly, including declines of over 8% in shares of Macy’s Inc and Best Buy Co Inc and a 7% drop for Foot Locker. The S&P 500 consumer discretionary sector shed 1.5%.
A marginally higher US market close on Tuesday night, despite some new tensions surrounding the Russia-Ukraine war, also helped a steady market on Dalal Street.
Japan’s SoftBank is looking to sell shares of Paytm parent One97 Communications worth $200 million through a block deal. BofA Securities is the banker for the deal, and the floor price has been set at Rs 555-601.