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The S&P BSE Sensex slipped over 400 points in trade on Thursday tracking muted trend seen in other Asian markets amid weak global cues. The fall in the index was led by losses in ICICI Bank, RIL, HDFC, ITC and L&T.Asian markets were trading with a negative bias after Standard & Poor's downgraded Brazil's credit rating to junk grade earlier today, and slashed its growth forecast for Asian economies. 

India's Srei Equipment Finance Ltd plans to raise at least 1.50 billion rupees through sale of three bonds issues,three merchant bankers said on Wednesday. The company will issue bonds maturing in five years and seven months at an annual coupon of 10.30 percent. It will also issue papers maturing in seven years and seven months and 10 years at a coupon of 10.40 percent and 10.50 percent respectively.