Recycled gold makes up a tiny slice of the supply chain, meaning global dynamics — and particularly the rupee-dollar exchange rate — have an outsized impact on prices.

The initial public offer (IPO) of Shanti Gold International received bids for 1,02,81,98,775 shares as against 1,26,67,200 shares on offer. The issue was subscribed 81.17 times.

Larsen & Toubro Ltd. shares surged the most since mid-May on Wednesday morning after the company's first-quarter net profit fared better than street expectations. The scrip was the top point ...