An alternative investment fund backed by SC Lowy has invested in non-convertible debentures (NCD) in the last week of March. While Pharande NCDs do not pay any interest up to June 30, 2024 and 14% until maturity on March 31, 2026, Srinagar Banihal has offered 16% on the NCDs. The proceeds will be used for loan repayments and for working capital, a source said.
Stock Market Highlights | Indian benchmark indices Nifty 50 and Sensex ended at record highs for the second day in a row on Thursday. 38 trading sessions in 2023 so far, saw Nifty hitting a record high. Sensex hit a record high of 72,484, Nifty 21,802, and Nifty Bank 48,636. JSW Steel, South Indian Bank, Sula, Petronet LNG, IndusInd Bank, NTPC, Confidence Petroleum, Zomato, KPI Green, Ramky Infra were among the stocks to watch today.
Shares of smallcap companies were in focus in Friday s trade as the S&P BSE Smallcap index hit a new high of 21,411, up 1 per cent, on the back of a strong rally in power, textiles, jewellery, industrial machinery, chemicals and packaging stocks. The smallcap index surpassed its previous high of 21,389 touched on March 3, 2021. In comparison, the S&P BSE Sensex was up 0.73 per cent and the S&P BSE Midcap index was up 0.82 per cent. Shares of Vascon Engineers, Mahanagar Telephone Nigam Limited (MTNL), BGR Energy Systems, Reliance Power, Olectra Greentech, 3i Infotech and OnMobile Global from the smallcap index were locked in their respective upper circuit filters on the BSE today.
Infra, Cement Stocks Gain 5-8% As Govt Raises Fund Allocation To Infra Projects In Budget 2021 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.