May 26, 2023 - Page 3 of 3

Traders cut bearish bets at May expiry, Nifty recovers from lows

On Thursday, when the NSE’s May contracts expired, traders cut their bearish bets and carried forward bullish positions, helping the benchmark indices eke out gains in a late rally after trading lower for most of the trading session.

Ola Electric plans up to $1b IPO at $10b valuation

The Bengaluru headquartered company has roped-in Goldman Sachs, ICICI Securities, Axis Capital, and Kotak Securities as the lead managers for its initial public offering. An email sent to an Ola Electric spokesperson remained unanswered. Goldman Sachs, Axis Capital and Kotak Securities didn’t respond to the queries, while ICICI Securities’ spokesperson declined to comment

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