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The fundraising is expected to be completed by the end of January, PTC India Financial managing director Pawan Singh said.

“Reliance $4-billion foreign currency bond issue opens up an opportunity for a number of other Indian corporates, Indian banks to try and use the momentum.”

The agency pointed out a chunk of banks’ restructured books was under moratorium as on September 30, 2021, and could hence face risks of slippages

On the technical charts, the 200-day moving average of the stock stood at Rs 1163.16.

The Nifty Pharma index closed 0.63 per cent down at 13912.25.

The partially convertible rupee settled at 74.49/$1 as against 74.36/$1 at the previous close. The Indian currency, which had started the day at 74.4450/$1, moved in a band of 74.3200-74.5075/$1 during the day.

The partially convertible rupee settled at 74.35/$1 as against 74.55/$1 at the previous close. The Indian currency, which had opened at 74.5450/$1, travelled in a band of 74.30-74.55/$1 during the course of the day.

The sector is feeling the double impact of declining traffic and rising fuel costs

Nifty is likely to see resistance at 18,000 on the upside, thus leaving its up move capped for Thursday

The Indore headquartered company supplies bead wire used to attach inflated tyres to the ream to leading tyres makers including Apollo Tyres, Ceat, MRF, JK Tyre Industries, Balkrishna Industries, and Michelin. Industry consolidation that has resulted in only three bead wire makers in the country and curb on tyre imports have helped RGW to grow sales volume faster than the industry growth rate.