On the technical charts, the 200-day moving average of the stock stood at Rs 1025.85.

Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 37.74 per cent and 11.35 per cent, respectively.

This would be the first time that the cryptocurrencies will be categorised as per the technology used by them, but the government’s focus would be based on the end use of the asset class for regulatory purposes.

According to the DRHP, the company would issue fresh equity shares worth up to Rs 322 crore and existing shareholders will offload up to 2,15,25,000 equity shares from their stake through offer for sale (OFS).

Nikkei share average rose 2.04% to 29,128.11, its highest close since June 16 while the broader Topix vaulted as much as 1.61% to 2,015.45, reaching levels not seen since April 1991.

The pan-European STOXX 600 index was down 0.1% but held below its all-time high and was on track for a slim weekly rise.

“The HDFC Life-Exide Life deal is largely in line with people’s expectations.”

On the Multi Commodity Exchange, crude oil for the September delivery dropped by Rs 11, or 0.21 per cent, to Rs 5,125 per barrel with a business volume of 5,407 lots.

Surat-based Ami Organics and its shareholders are eyeing to raise about Rs 570 crore through its primary offering. The issue consists of issuance of fresh equity shares worth Rs 200 crore and an offer for sale (OFS) by promoters and existing shareholders of up to 6,059,600 equity shares.

"We need to behave as one country and not as 30 countries in one because what really happens is that investment will then flow to those five or six progressive states, which is frankly not great for overall development of the country, " says Manish Bhatnagar