Brent crude futures rose 89 cents, or 0.9%, to $105.86 a barrel by 0223 GMT. West Texas Intermediate crude futures rose 97 cents, or 1%, to $103.38 a barrel.

“Warren Buffett has aged somewhat and lost that clarity of speech to some extent. He takes pain to speak at times but his insights, sharpness, his memory is intact and he loves talking. At times he said I have forgotten what questions you asked and what I am talking about.”

As of 31-Mar-2022, promoters held 54.9 per cent stake in the company, while FIIs held 19.9 per cent and domestic institutional investors had 10.68 per cent.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 50134.75 Crore) operating in Power sector.

Gold futures on MCX dropped 0.38 per cent or Rs 195 down at Rs 50,613 per 10 gram. However, silver futures were trading lower by 0.27 per cent or Rs 173 at Rs 62,876 per kg.

On Fed, foreign brokerage Nomura said labor market imbalances worsened in March, adding that it may keep a pressure on the Fed to remain hawkish.

JSW Energy’s scrip rose to a high of Rs 320.60 as against Rs 305.35 at previous close on the BSE.

“When we become a merged entity, the holding company discount should go away and you should logically see a Rs 60,000-65,000 crore accretion in the market again. Then we own 21% in the equity in the bank. The entire 21% today is perceived to be or is considered as foreign but when we move into the bank, only the actual foreign shareholding in HDFC will be constituted as foreign, which is roughly about 69%.”

Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price. About 10% of the float, meanwhile, has been earmarked for LIC’s policyholders, who will receive a 60-rupee discount on each share.

A total of 1,998,466 shares changed hands on the counter till 11:01AM (IST).