From the beginning of October to the first week of November, cooking oil prices had come down after the government reduced import duty on oil and asked the states to keep a close vigil on stock holding.

ICICI Prudential Mutual Fund picked up 1.47 million shares of the IT sector company at Rs 450 per share through a bulk deal on the BSE.

The Dow Jones Industrial Average fell 29.36 points, or 0.08%, at the open to 35,901.69.

The Nifty Pharma index closed 1.03 per cent down at 13481.4.

Whether Paytm’s IPO will become a harbinger of bad times like RPower remains to be seen, but it sure should deflate the bubble in India’s IPO market till LIC comes knocking next March.

In the international market, gold was trading in the green at USD 1,869 per ounce and silver was flat at USD 25.09 per ounce.

The bank has issued and allotted Basel III compliant tier-II bonds at a coupon of 7.10 per cent per annum aggregating to Rs 1,919 crore on a private placement basis, it said in a BSE filing.

The consolidated net loss in the April-September period this year stood at Rs 984.9 crore. The company had registered a net loss of Rs 59.2 crore in the first half of the last fiscal.

“When I look at the past 18 months, the Covid period actually enabled us to land even better than what our pre-Covid momentum was. As we are getting out of the pandemic, the future looks quite promising, says CEO Sanjay Purohit.

The index has given a breakdown of the rising trend line and closed below 50-DMA, which suggests weakness in the next trading session, said Palak Kothari, Research Associate at Choice Broking.