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On Thursday, the two benchmark indices, Sensex and Nifty, closed with little changes after reaching new all-time highs earlier in the trading session. The S&P BSE Sensex, which reached a peak of 67,771 points, moderated its gains to finish at 67,519 points, marking a 52-point increase. Meanwhile, the NSE Nifty50, which surged to 20,168 points, concluded the day at 20,103 points, with a 33-point uptick.

Meanwhile, The data released by the Ministry of Commerce and Industry on Thursday, showed that India’s wholesale price-based inflation has remained in negative territory for the fifth consecutive month, with the Wholesale Price Index (WPI) registering -0.52 per cent in August. A consistent negative trend since April when it was at -4.18 per cent, with a slight improvement to -1.36 per cent in July.

In other news, the European Central Bank (ECB) on Thursday raised its key interest rate by 25 basis points. This decision is aimed at combatting inflation, which the ECB anticipates will persist at elevated levels for an extended period. In its statement, the ECB emphasised its commitment to bringing inflation back to its 2 per cent medium-term target within an appropriate timeframe. The central bank believes that the current levels of its key interest rates if maintained for a sufficient duration, will significantly contribute to achieving this goal.

Travel services provider Yatra Online Limited will commence its initial public offering (IPO) for public subscription on September 15, with anchor investor staring the bid. The offering will close on September 20, featuring a price band of Rs 135-142 per equity share. Investors can bid for a minimum of 105 Equity Shares in one lot and in multiples thereafter.

The IPO comprises a fresh issue of equity shares worth Rs 602 crore by the company, along with an offer for sale (OFS) of up to 1.21 Crore Equity Shares. Promoter THCL Travel Holding Cyprus Ltd will sell 1.17 crore equity shares, and investor Pandara Trust – SCHEME I, represented by Vistra ITCL (India), will divest its entire 4 Lakh Equity Shares via the OFS.

The company conducted a pre-IPO placement of Rs 62 crore via a rights issue, allocating 26 lakh equity shares to THCL. The fresh issue size has been reduced to Rs 602 crore, and the net proceeds will be utilized for strategic investments, acquisitions, technology, customer acquisition, and other growth initiatives, along with general corporate purposes.

SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Securities Ltd are serving as the book-running lead managers for the IPO, with Link Intime India as the registrar.