Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 146903.04 Crore) operating in Power sector.
Gold was flat in early Asian trade on Wednesday, as traders weighed prospects of early interest rate increases by the U.S. Federal Reserve against surging COVID-19 infections globally. Spot gold was little changed at $1,813.91 per ounce by 0133 GMT. U.S. gold futures were flat at $1,813.80.
The move should encourage them to participate in the first ever platform for individuals, who are willing to invest in sovereign bonds directly without mutual fund plans. This in turn, will help in the market making as primary dealers are billed as key players to support retail investments.
IT bellwether Tata Consultancy Service (TCS), analysts said, is expected to indicate traction from major deal wins in the quarter, while Infosys is expected to upgrade its guidance for the fiscal year. HCL Technologies is expected to demonstrate gains from its products business during the October-December period.
TPG would raise about $877.6 million at the top end of the range. Its existing investors plan to sell roughly 5.59 million shares, the proceeds from which will not go to the firm.
Brent crude was up $1.50, or almost 2 per cent, at $80.48 a barrel by 1450 GMT and U.S. West Texas Intermediate (WTI) crude rose by $1.48, or 2 per cent, to $77.56.
US Treasury benchmark yields rose about 11 basis points to 1.63 percent when the local government bond market opened for trading this calendar year.
In another transaction, Mark Corporate Advisors sold 60,000 shares of Foce India at Rs 226 per share. Out of which 54000 shares were bought for Rs 225.87 apiece.
At 9:31 a.m. ET, the Dow Jones Industrial Average was up 182.88 points, or 0.50 per cent, at 36,767.94, the S&P 500 was up 13.36 points, or 0.28 per cent, at 4,809.92.
OTPC is a special purpose vehicle set up by Oil and Natural Gas Corporation (ONGC) to build a 726.6 megawatt combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura
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