The 75 lakh shares representing 0.3 per cent stake in Infosys were offered in the price range of Rs 1149-1178.5 and the transaction will be carried out during the day.
Aviation stocks such as Jet Airways, InterGlobe Aviation and SpiceJet were trading higher in the morning trade on reports about a cut in aviation turbine fuel (ATF) or jet fuel prices.
Dewan Housing Finance Corporation Ltd share price gained as much as 4 per cent in the early trade on Thursday after it informed bourses that the company has received an approval to raise funds
Dewan Housing Finance Corporation shares were trading 3.41 per cent up at Rs 183.35 after it received an approval to raise funds up to Rs 5,100 crore, subject to market conditions, by way of a secured or unsecured debt issue by means of a private placement or listed on any offshore or onshore Stock Exchanges.
The IPO comprises of fresh issue of up to 1.16 crore equity shares and an offer for sale of up to 1.82 crore shares by its existing shareholders.
The IPO would conclude on March 22, according to latest information available with the Securities and Exchange Board of India (Sebi).
The BSE Sensex opened 21.74 points, or 0.09 per cent, up at 24,815.70, while NSE Nifty 50 index advanced 13.55 points, 0.18 per cent, at 7,545.35.
Asian stocks edged up on Thursday after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European Central Bank later in the day as global policy makers step up efforts to support their wobbly economies.
Gold fell on Wednesday as oil prices and world stock markets rose, and expectations for further monetary easing from the European Central Bank prompted some to take profits after the metal’s rally to 13-month highs last week.
