Auto Sector

According to the bench in the Kotak Mahindra Bank case, "the high court ought not to have sat on appeal as to the sufficiency of the material and particulars placed before the commission, on the basis of which the commission proceeded to grant immunity from prosecution and penalty."

In early Asian trading, the pound fell to $1.2145, a new six-month low, as it struggled against a stronger dollar. It was destined for its worst quarterly fall in a year, one of more than 4%.

Brent crude above $90/bbl; but base metals and soft commodities weak.

The price of Brent oil futures increased by 33 cents, or 0.4%, to $94.29 per barrel, while the price of U.S. West Texas Intermediate crude futures up by 31 cents, or 0.3%, to $90.70.

As the company continues to invest in new businesses amid a soft consumption environment, debt levels are expected to rise further in FY24.

Spot gold remained unchanged at $1,900.49 per ounce, barely off its Tuesday-touched low of August 23. To $1,918.20, U.S. gold futures declined by 0.1%.

During the subscription period, the IPO garnered significant investor interest, with an overall subscription rate of 12.5 times.

The issue price for the issue was Rs 222.

The price band for the public issue, which closes on September 27, is set at Rs 113-119 per share.

The price band for the offer is set at Rs 280-300 per share