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The Nifty PCR is currently at 1.18. Meaningful call writing is witnessed across 22400-22500 strikes, while put writing was witnessed in 22200-22000 strikes.
World Environment Day: India has set a 30% electric vehicle adoption target by 2030. Companies such as Tata Motors, Mahindra & Mahindra, TVS Motors, Hero MotoCorp, and Amara Raja Batteries are likely to benefit.
Photo: Zomato July 23, 2021 Investment bankers handling Zomato Ltd’s ₹9,375 crore initial public offering (IPO) earned ₹229 crore in fees, the food delivery unicorn’s final offer documents showed, making it one of the biggest payouts for any Indian IPO. Zomato was advised by Kotak Mahindra Capital, Morgan Stanley, Credit Suisse, Bank of America and Citi. According to data from primary market tracker Prime Database, the fees paid by Zomato to the five bankers far exceeded every other ₹5,000-crore-plus IPO. In comparison, investment banks earned ₹97.34 crore from Gland Pharma’...