Asian peers were trading mixed. Hang Seng was trading with a negative bias while Shanghai Composite was flat. Japanese and South Korean equity markets were trading with gains.
Share Bazaar News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity benchmark indices began Thursday’s trading session with gains. S&P BSE Sensex crosses 44,000 points while Nifty 50 was above 12,900. Broader markets were seen gaining as well. BSE Smallcap index was outperforming the benchmark index. Volatility tanked 12.9% to sit near 20 levels. Among to Sensex gainers were Mahindra & Mahindra, L&T, Bajaj Auto, and Titan. IndusInd Bank, SBI, TCS were the top drags.
The Government on Wednesday sanctioned the merger of Lakshmi Vilas Bank with DBS Bank India, making it the first such bailout by a foreign bank. The merger will come into force from November 27, lifting the moratorium that was placed on Lakshmi Vilas Bank and delisting the shares or debentures of the lender listed on Bombay Stock Exchange and the National Stock Exchange. Shares of the bank have tanked 50% in seven trading sessions.