The key equity barometers bounced back and hit the day s high in morning trade. The Nifty marched towards the 14,800 mark. Realty stocks witnessed bargain hunting after a four-day losing streak.
At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 352.84 points or 0.71% to 50,097.16. The Nifty 50 index advanced 93.75 points or 0.64% to 14,769.45. The equity benchmarks saw value buying after declining over 4% in the past five sessions.
In the broader market, the S&P BSE Mid-Cap index gained 1.08% while the S&P BSE Small-Cap index added 0.73%.
The market breadth was strong. On the BSE, 1472 shares rose and 542 shares fell. A total of 91 shares were unchanged.
Synopsis
The company on Tuesday raised $300 million via bond sale that obtained bids about three times higher than the actual size. Individual investors/companies could not be contacted immediately for comments.
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Moody s has assigned a first time (P)Ba2 rating to the proposed USD senior secured notes to be issued by India Toll Roads (ITR).
Singapore-based GIC, US-based MetLife and UK-based Baring Asset Management were among the international investors, who have likely subscribed to the IRB Infrastructure’s overseas bonds, market sources said.
The company on Tuesday raised $300 million via bond sale that obtained bids about three times higher than the actual size. Individual investors/companies could not be contacted immediately for comments.
IRB Infrastructure Developers has entered into definitive agreement with India Toll Roads - Foreign Portfolio Investor, for raising of funds by issuance of Non Convertible Debentures up to Rs 2220 crore.
The proceeds will be utilised for repayment of existing loans up to Rs 1600 crore and balance for meeting capex requirements and general corporate purpose.
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