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.â€
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
The brokerage said the Indian economy remains fragile and growth volatile, yet it expects the start of fiscal consolidation in this budget
The index has negated its formation of higher high-low after four sessions, said Chandan Taparia of Motilal Oswal Securities, who believes the index has to hold above 17,777 for an up move towards 18,000. Taparia sees support for the index at 17,600.
In December alone, its gross client acquisition jumped 0.46 million, up by 110.4 per cent, the brokerage said on Thursday attributing the introduction of platforms like smart money, instant trade and third-party partnerships for more than doubling its client base.
Sensex tanked 621.31 points or 1.03 per cent to close at 59,601.84
In the international market, gold was trading lower at $1,800 per ounce and silver was flat at $22.34 per ounce.
The Nifty Bank index closed 0.55 per cent down at 37490.25.
Blue Star will not consider price hike till summer season, says B Thiagarajan.
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