NSE moves forward with listing, invites banks to pitch for $2.5 billion IPO

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The planned share sale will be entirely an offer for sale, with existing shareholders expected to divest about 4 per cent to 4.5 per cent of the company’s equity By Rajesh Mascarenhas, Baiju Kalesh and Dave Sebastian National Stock Exchange of India Ltd. has issued a request for proposals to investment banks, inviting them to…

Why did Sensex rally 1,950 pts from day’s low on Thursday; key reasons here

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Renewed buying by FIIs, coupled with short-covering on hopes of likely trade deals with the US fueled today’s market rally, say analysts. The Sensex reclaimed 78,500-mark, and Nifty topped 23,850.   The Indian equity benchmark indices, the Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty 50 staged a strong rebound from…