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Sensex, Nifty snap four day rising streak


Domestic indices saw profit taking after rising for four consecutive trading sessions on Tuesday. The Nifty 50 index ended near the 14,850 level. Metal, private banks corrected while media and PSU banks shares advanced.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, declined 340.6 points or 0.69% to 49,161.36. The Nifty 50 index fell 91.60 points or 0.61% at 14,850.10.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.6% while the S&P BSE Small-Cap index added 0.8%.
Buyers outpaced sellers. On the BSE, 1,845 shares rose and 1,198 shares fell. A total of 196 shares were unchanged.
Investors locked profits after the Sensex rose 2.59% and the Nifty climbed 3.08% in the past four sessions. ....

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PNB to raise capital from share sale; sets floor price at Rs 35.51 per equity


PTI Photo
Punjab National Bank (PNB) on Monday said its board has approved raising equity capital from qualified institutional investors to enhance its capital base.
For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor price at Rs 35.51 per equity share.
The Relevant Date for the purpose of the QIP is May 10, 2021 and accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed under SEBI ICDR Regulations is Rs 35.51 per equity share, PNB said in a regulatory filing.
The bank may at its discretion offer a discount of not more than 5 per cent on the floor price. ....

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PNB opens QIP issue, sets floor price at Rs 35.51 per share


PNB opens QIP issue, sets floor price at Rs 35.51 per share
PNB board passed a resolution related to approval and adoption of the Preliminary Placement Document dated May 10, 2021, and the application form dated May 10, 2021 in connection with the QIP
BusinessToday.In | May 10, 2021 | Updated 19:51 IST
The board of directors of Punjab National Bank approved opening of qualified institutional placement (QIP) on Monday. The Capital Raising Committee of the bank would meet on May 14, Friday, to consider and determine the issue price for the equity shares to be allotted to eligible qualified institutional buyers, the public sector lender informed in a regulatory filing. ....

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