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“While the FMCG business is shaping up well, they have an added advantage in terms of sourcing. But still the margins are in single digit. ”

Ease My Trip had surged as much as 10 per cent earlier in the day to hit a record high market capitalization of Rs 7,700 crore before giving back some of those gains.

The bonds are supposed to be listed on the Singapore Stock Exchange and marked as high-yield securities, below the investment grade.

On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery was trading at Rs 6,000 down by Rs 197, or 3.18 per cent per 10 quintal with an open interest of 4,305 lots.

“Digital economy in India scaling up & here to stay. POWRZs is an acronym for stocks that represent the emerging areas in the new economy and the world and also represents some of the companies which are potentially getting listed in the next 12 to 18 months. ”

The mutual fund, previously known as Essel Mutual Fund, has filed papers with the Securities and Exchange Board of India to launch a Navi Electric Vehicles and Driving Technology FoF.

The Nifty Pharma index closed 0.94 per cent down at 14355.15.

In the Nifty pack, 18 stocks closed in the green, while 32 stocks ended in the red.

Nifty50 formed a bullish candle on the weekly scale and higher highs for the seventh week. Now it has to continue to hold above the 17,600 level to extend the move towards 17,777 and then 18,000 levels while on the downside support can be seen at 17,500 and 17,350 levels.

The Chennai-based company, backed by former Blackstone Inc. senior fund manager Mathew Cyriac, plans to lodge the listing documents with the Indian securities regulator as soon as next week, the people said.