MUMBAI Nov 23 Shares in state-run Hindustan Copper Ltd fell as much as 18.6 percent on Friday after the government set the base price for its 4 percents stake sale due later in the day at well below current prices.
The Indian government fixed the base price for its sale of Hindustan Copper shares at 155 rupees per share. Hindustan Copper shares were down 13.7 percent at 229.70 rupees as of 0351 GMT. (Reporting by Manoj Dharra; Editing by Rafael Nam)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read