AgenciesThe NSE Nifty index traded 29.5 points up at 18344.6, while BSE Sensex was up 122.06 points at 62062.26 as of 10:50AM(IST)on May 11.
In the Nifty index, Adani Enterprises Ltd.(up 3.46 per cent), IndusInd Bank Ltd.(up 2.08 per cent), Adani Ports & Special Economic Zone Ltd.(up 1.45 per cent), NTPC Ltd.(up 1.33 per cent) and HCL Technologies Ltd.(up 1.13 per cent) were among the top gainers.
On the other hand, Dr. Reddy's Laboratories Ltd.(down 6.40 per cent), Larsen & Toubro Ltd.(down 4.42 per cent), Hindalco Industries Ltd.(down 3.32 per cent), Bharti Airtel Ltd.(down 0.83 per cent) and Eicher Motors Ltd.(down 0.44 per cent) were among the top losers.
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- NCLT OKs Go First Flight to Insolvency Protection
A bankruptcy court in New Delhi Wednesday approved the application of Go Airlines (India) to admit the carrier into the insolvency resolution process, allowing the first such voluntary bankruptcy protection involving a local airline. One of the biggest lessors may file an appeal against the order soon.
US Investor Slashes Ola Valuation by 35% to $4.8 BillionFunds managed by US investment firm Vanguard marked down the valuation of ride-hailing company Ola by 35% to $4.8 billion from $7.4 billion, according to regulatory filings with the US Securities and Exchange Commission.
Sebi Moots Higher Threshold for Investment in AIFsThe capital market regulator on Wednesday broached the idea of raising the minimum ticket size of investment in private equity (PE) and venture capital (VC) funds while favouring a regime that eventually paves the way for only deep-pocketed investors to put money in these funds.
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