At the meeting of Board of Directors held on June 6, the proposal of preferential allotment of equity shares to promoters and Värde Investment Partners, LP was approved.
The minutes of last night‘s Fed meeting seemed to suggest that a lot of members of the Fed did not want quantitative easing (QE) to continue, which sparked of sell-off in the late trade, in the US market.
Benchmark indices rebounded Wednesday, but experts are advising investors to not get carried away.
Today, was a good day for the market. Within minutes of the market opening, Nifty had drifted into the red and it just hung around 5,700 levels for most of the morning session. It started picking up towards the second half and finally closed around 5,750 was not a bad one.