The retail sale of debt securities will open for subscription next Monday, the first such sale by the issuer after 2018. Those double-A rated securities will offer as much as 9.75 percent with seven-year and three-month maturity, sources said.
Ministers agreed to continue making 400,000 barrel-a-day monthly supply boosts, delegates said.
The weekly options expiry falls on Thursday and options data is showing a mixed picture. On one hand, very high Call OI open addition was seen at 17,000 level even as the 17,100 level held the highest Call OI.
Gaurav Ratnaparkhi of Sharekhan said the index has stepped into a short-term consolidation. "Initial support on the downside stands at 17,000 level, whereas it can test the 16,800 level over the next few sessions," he said.
Both the issuances obtained multiple times higher subscriptions with funding costs tightening by 30-33 basis points.
In the market cap table, Tether slipped to the fifth position by the end of August from the third place at the beginning of the month. USD Coin has fallen to ninth in the m-cap ranking from the seventh spot.
The Dow Jones Industrial Average rose 26.82 points, or 0.08 per cent, at the open to 35,387.55.
"So, we just got our in-principle approval for our AMC (MF) license. I guess now comes the hard part," Kamath said in a tweet on the microblogging website Twitter.
For information technology companies, the rise in rupee is bad news as it will further crimp their margins that are already under pressure from paying employees through the nose.
While Axis Bank is selling Additional Tier 1 paper with ‘sustainable’ or ESG tag, Adani Green is mopping up funds for capital investments.
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