The company has slashed its offer size to Rs 5,235 crore from Rs 7,460 crore as planned earlier. It will issue fresh equity shares worth Rs 4,000 crore and existing shareholders and promoters will offload shares worth Rs 1,235 crore.

The bank has made an additional standard assets provision of Rs 26 crore, taking the total provision to Rs 123 crore against Rs 97 crore earlier.

The Fed will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June at an initial combined monthly pace of $47.5 billion, stepping up over three months to $95 billion.

The company remains the second-biggest broker in the country based on active clients, behind industry leader Zerodha.​

While focusing on low beta defensive stocks, a cautiously optimistic approach is advised for the day.

Stock of SBI closed at Rs 479.60 apiece on the BSE, down by 2.27 per cent from its previous close.

The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal. There is an exodus of people from the board and at other levels in several Future group companies after Rs 24,713 crore deal was called off by Reliance Retail.

Earlier in the day, RBI Governor Shaktikanta Das delivered a video message in which he spoke about the six-member rate-setting panel having met off-schedule, and announced a 0.40 per cent hike in the repo rate and 0.50 per cent increase in the cash reserve ratio.

As it stands, the rupee has shown a fair degree of resilience so far in the Fed’s latest round of monetary policy tightening.

​​The fund acquired these shares at an average price of Rs 225.10, which were sold by Allied Commodities, Balgopal Commercial and Intellect Stock Broking.