After today’s board of director meeting, Usha Martin shares gained more than 6 percent.

The company said, "A committee of independent of directors will oversee the process and recommend suitable offers to the board for its consideration,"

By the existing shareholders, IPO will see sale the equity share of 28,875,000.

Pharmaceutical firm Eris Lifesciences said, "The company expects that listing of the equity Shares will enhance our visibility and brand image and provide liquidity to our shareholders. Listing will also provide a public market for the equity shares in India,"

The 30-share BSE Sensex gained 29.98 points at 28359.68 and the 50-share NSE Nifty was up 17.85 points at 8796.25.

UR Bhat of Dalton Capital says,  he is unsure if the current rally will sustain. He added, “The big problem we have is what can come out of the Trump administration. There are a lot of uncertainties, especially regarding the relationship with China or the border tax”.

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