U.S. stock markets also shined, with the tech-heavy Nasdaq composite and S&P 500 reaching new closing and intraday highs.
In New York, the Dow Jones industrial average was up 332.26 points at 31,055.86. The S&P 500 index was up 41.57 points at 3,871.74, while the Nasdaq was up 167.20 points at 13,377.74.
Investors were reacting to signs of an impending U.S. stimulus package and supportive economic data, said Anish Chopra, managing director with Portfolio Management Corp. Between stimulus to help the U.S. get through the COVID period and jobless claims falling below what s expected, just that whole package of positive economic news is certainly helping the markets, he said in an interview.
Brookfield India Real Estate Trust IPO Subscribed 22% On Second Day
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Canada, home of the bank stock unicorns
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: Wednesday, February 3, 2021, 7:41 AM IST
IPO Alert: Brookfield India REIT raises Rs 1,710 cr from HDFC Trustee Co, SBI Life Insurance, Tata AIG GIC, Bajaj Holdings and Investments, 35 other anchor investors
Representational image/IPO
Global investment firm Brookfield s Real Estate Investment Trust (REIT) has attracted Rs 1709.97 crore from 39 anchor investors. This was raised at the upper price band of Rs 275 per unit. The firm allocates 62,180,800 units.
The initial public offer (IPO) of Brookfield REIT will open today (on February 3) at a price band of Rs 274 to Rs 275. It will close on February 5.
Some of the 39 investors are HDFC Trustee Company / HDFC Balanced Advantage Fund (16.40 per cent of allocation), SBI Life Insurance Company (13.50 per cent of allocation), Tata AIG General Insurance Company (9.90 per cent of allocation), HDFC Life Insurance Company (8 per cent), Bajaj Holdings and Investments (4.4 per cent), Schroder Global Cities Real Estate (4.20 per cent), HDF