The support for Bank Nifty is seen at 21,500, while Nifty has got support at 10,300.
The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today
Experts say the move can help mutual funds sell debt papers, which have defaulted to distressed funds
Renewed focus on India, new drug launches in US lend comfort
Work-from-home and increased local hiring should help mitigate its impact
The archipelago's debt is more attractive due to a superior fiscal outlook and the greater potential for currency strength
Listed peers have stood fast despite troubles in the mutual fund space
Pricing norms eased, conditional exemption from open offer extended
Asset manager has seen strong flows on both debt and equity side
In June, IndusInd International Holdings has bought 1.73 million shares worth Rs 85.51 crore of the bank through open market
The sharp rerating of the sector and the company has taken valuations into expensive zone
The regulator has also directed two entities to disgorge unlawful gains of over Rs 21 lakh, made while dealing in the scrip of the firm
Sources said issue may be launched July-end or first week of August; eight merchant bankers have been shortlisted
Siemens Aktiengesellschaft is the parent company of Siemens Ltd, which is listed in India
Financial companies are also lining up equity issuances, and some dollar bond issuances are planned as well. In domestic markets, gold loan companies are also getting active in raising bonds
In separate circulars, the exchanges said futures and options (F&O) contracts will not be available for trading in the securities of these three companies with effect from August 28, 2020
Bajaj Finance (up over 9 per cent), L&T (up over 6.5 per cent), and IndusInd Bank (up over 6.5 per cent) were the top gainers
All that happened in the markets today
Thus far in June, IndusInd International Holdings has bought 1.73 million equity shares of the bank through open market
L&T said its construction arm secured large orders from prestigious clients for its various businesses.