In addition to stake sale by promoters, the three portfolio companies have received board approvals for primary issuances through a share sale to investors.
By 9.30 am, Sensex was trading 47.68 points, or 0.07 per cent higher at 65,675.82, while Nifty50 gained 21.05 points, or 0.11 per cent to 19,549.85.
Credit Suisse and SpiceJet have been engaged in a legal dispute since 2015 over the bank’s claim of unpaid dues of around $24 million, which led to the Madras High Court’s order that the airline be wound up in 2021.
Chairman Emeritus of The Oberoi Group Prithvi Raj Singh Oberoi passed away on Tuesday at the age of 94.
A single-judge bench of Justice Subramonium Prasad held in its September 19 order– “The right to travel abroad is guaranteed under Article 21 of the Constitution of India which cannot be taken away in an arbitrary and illegal manner.
In the last five days, the BSE benchmark rallied 1,972.72 points or 2.76 per cent, and the Nifty jumped 584.45 points or 2.71 per cent.
The bigger challenge being seen by the government is the rise in global crude oil prices, but the Centre is confident of meeting its fiscal deficit target of 5.9 per cent of the GDP for financial year 2023-24, another senior government official said.
Morgan Stanley said that the country’s macro indicators remain resilient, and added that India’s economy is on track to achieve the GDP forecast of 6.2 per cent.
LIC shares closed with a gain of 9.69 per cent at Rs 677.65 on the BSE on Friday.
The 30-share BSE Sensex jumped 490.97 points or 0.69 per cent to settle at 71,847.57 points.