It will work with Euroclear, the world’s largest provider of domestic and cross-border settlement and related services for bond, equity and fund transactions, to explore new business models and market opportunities to create value through innovation and data monetization.
Reports stating that China’s central bank will lend money for banks to roll over the debts of developers in an attempt to cool down issues in the property sector is also expected to help the Base metal prices in the week ahead.
Amit Pabari, MD at CR Forex Advisors: A slight pause in the dollar rally, easing crude oil prices, and net dollar inflows through FII keep the pair supportive.
Given the likely inflows on account of Macrotech Developers QIP Rs 4,000 crore, Inspira Enterprise IPO Rs 800 crore, Go Fashion IPO Rs 1000 crore, and Tarsons Products IPO Rs 1000 crore, it will be watchful to see if the turnaround of FII in Indian equities remains anchored or will the ship of capital flow back to safe heaven seas.
Suyog Gurbaxani Funicular Ropeways came out with an initial public offering of 65,55,000 equity shares of Rs 10 each for cash at a price of Rs 45 Per Equity Share, aggregating to Rs 29.50 Crore.