RateGain Travel Technologies’ ₹1,335-crore IPO
RateGain Travel Technologies, a travel and hospitality technology services provider, will open its ₹1,335-crore initial public offering (IPO) on December 7 with a price band of ₹405-425 per share.
The three-day IPO will be entirely an offer for sale of up to 2.26 crore equity shares by promoters and existing shareholders. Investors can bid for a minimum of 35 equity shares and in multiples of thereafter.
Oil prices climb ahead of OPEC meeting
Oil prices regained some ground after steep falls in the previous session, ahead of a meeting by the Organization of the Petroleum Exporting Countries.
Brent crude futures gained 2.22%, to $70.78 a barrel, while U.S. WTI crude futures jumped 1.9%, to $67.43 per barrel.
Indian indices rise in early trade
Indian indices opened higher amid mixed global cues and advanced in early trade. At 9:20 A.M., the Sensex was up 639.38 or 1.12% to 57,704.25, while Nifty rose to 17,187.65, up 204.45 or 1.2%.
On Tuesday, the 30-share Sensex fell 195.71 points or 0.34% to close at 57,064.87 after rallying over 900 points in the session. Similarly, the Nifty declined 70.75 points or 0.41% to end at 16,983.20.
Asian share markets rise
Asian stocks rose from a one-year low as U.S. share futures recovered from the previous day’s selloff, but uncertainty over the impact of the Omicron variant kept investors on edge.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, a day after the benchmark touched its lowest since November 2020. In Japan, Nikkei gained 0.81% and Topix added 0.82%. South Korea’s Kospi was trading 1.62% higher. Hong Kong’s Hang Seng Index was up 1.46%.
In U.S., S&P 500 futures rose 0.6% and Nasdaq futures rose 0.7% as sentiment turned after Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite had all closed down over 1.5%.
---- Edited by John Xavier
(With inputs from Reuters, PTI and other news agencies.)