Axis Bank surged nearly 6% from day’s low today as investors rushed to buy the shares on offer via block deals by the SUUTI.
Idea Cellular stock touched all-time high today and the company is likely to use the opportunity for raising funds.
The race for applying for banking licence has intensified with Bajaj Finserv entering the fray.
The bank will issue 1.43 crore equity shares at a floor price of Rs 624.5 and may offer a discount of not more than 5 per cent to the floor price.
The bank is expected to raise around Rs 6,000 crore by issuing 4.52 crore shares to institutional investors.
Shares of Prestige Estates Projects bounced back on reports that the company's institutional placement programme (IPP) will begin tomorrow.
The momentum in the counter picked up early in the day after ET Now reported earlier that a bock deal of 1.76 crore shares was about to take place at Rs 43 per share, quoting sources.
The oil & gas major Oil & Natural Gas Corporation (ONGC) is considering to list its subsidiary ONGC Videsh (OVL) in India, say sources.
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