The valuations at which the funds have been raised, however, is unknown, said the source.

The Gift Connect system would permit members of the SGX to place orders on NSE IFSC using Financial Information Exchange or proprietary Application Programming Interface.

The surge was a reprieve from recent heavy selling of Chinese technology companies and other pressures that had taken the Hang Seng to six-year lows.

“Q4 is going to be very difficult and it will be a challenging quarter for many companies to demonstrate growth and margins. We will have to see how things go for various sectors. Various companies will have different numbers and that will decide how markets will move and how the flows move to different sectors.”

The stock quoted a 52-week high price of Rs 1063.75 and a 52-week low of Rs 584.2.

A total of 15,629 shares changed hands on the counter till 01:39PM (IST)

Besides suspending nickel trading for only the second time in its 145-year history, the LME also cancelled all trades on March 8 and extended deadlines for those with obligations to deliver physical metal against its contracts.

Among Sensex stocks, IndusInd Bank climbed 3.98 per cent to Rs 931.60. Axis Bank rose 3.39 per cent to Rs 721.90. Bajaj Finance, HDFC, Bajaj Finserv, Kotak Mahindra Bank and HDFC Bank rose up to 3.2 per cent.

The Burman Group will make the additional acquisition in the batteries and flashlight maker through various entities, Eveready said in an exchange filing.

According to the block deal data on NSE, he purchased 2.08 lakh shares at an average price of Rs 1,194 apiece. This took the total deal value to Rs 24.83 crore.