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Impavid Bulletin

markets

At 9:51 a.m. ET, the Dow Jones Industrial Average was up 77.99 points, or 0.25%, at 31,182.96, the S&P 500 was up 12.09 points, or 0.31%, at 3,944.78, and the Nasdaq Composite was up 26.36 points, or 0.23%, at 11,659.93.

"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said after showing a consistent upmove in the last few sessions, Nifty witnessed an excellent upside recovery from the lows on Wednesday and closed the day lower by 66 points

The odds for a 100 basis point rate hike jumped more than 20% after the consumer price index showed an increase from July. With hopes of a “Fed pivot” firmly dashed, the S&P 500 Index tumbled as much as 3.2%.

The date date of allotment for first series is September 20, 2022 and its date of maturity is September 20, 2027.

ZURICH, Sept 13 - UBS Group plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong balance sheet after scrapping a $1.4 billion deal to buy Wealthfront.

It can be noted that there have been concerns about investors, especially the unsuspecting retail ones, being taken for a ride due to high valuations sought by new-age tech companies. The share price of payment platform Paytm collapsed to a third of the IPO issue price within a few weeks of listing.