A notable shift is on the horizon as shares from forty-five newly floated companies are set to become tradable shortly. The unlocking, amounting to approximately seven point six billion dollars, is expected to happen from August twelfth through late September. While this gives promoters and anchor investors the chance to divest their previously locked holdings, it’s essential to note that this event won’t guarantee immediate selling.
Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?
Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.91.