The stock closed 17% above its issue price at 455.95 in a weak market, surpassing analysts' expectations of a tepid debut. The company's market capitalisation at close on Wednesday was 1.02 lakh crore.
On the BSE, the weekly index derivatives contracts on Sensex 50 will be discontinued with effect from November 14. Weekly contracts of BSE's Bankex will also be discontinued from November 18.
Onion prices in India are anticipated to decrease further due to the arrival of the new kharif crop. The government has been selling onions from its buffer stock at subsidized rates to combat recent price increases. Over 4,850 tonnes of onions have been transported via railway to major cities, including Delhi, to enhance supply and stabilize prices.
India witnessed its highest-ever monthly electronic toll collection in October, reaching 6,114.92 crore. This surge, a 7.6% increase from the previous six-month average, signals robust economic activity driven by festive spending and increased travel during Dussehra and Diwali.
Nearly 200 countries are meeting in Azerbaijan to discuss a new climate finance goal. The goal is to help the worlds poorest economies deal with climate change. Developed countries are saying they do not have enough money. They are suggesting a large part of the funding should come from private sources like banks.
Negotiations for a new climate finance goal at COP29 in Baku hit a roadblock as developing countries, including the G77 and China, rejected proposals that they perceived as shifting the financial burden away from wealthy nations. The developing countries insist that developed countries should bear the primary responsibility for providing climate finance, as stipulated in the existing agreements.
