Friday, 11 September 2015

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BSE benchmark Sensex opened nearly 200 points higher on Friday ahead of the July factory output numbers scheduled for release later in the day. The market bounced taking cues from gains in the US market, while most of the Asian markets traded mixed. 

NSE barometer Nifty breached its crucial psychological mark of 7,800 and traded at 7,854, up 65 points, or 0.84 per cent.India's NTPC Ltd. is likely to launch its public issue of tax-free bonds on Sep. 23, three merchant bankers said on Thursday. The company may look to issue bonds maturing in 10 years, 15 years and 20 years and can raise upto 7.00 billion rupees, which is its maximum permissible limit.

India's L&T FinCorp Ltd. has raised 1 billion rupees selling subordinated bonds maturing in 10 years, three merchant bankers said. The non-banking finance company will offer an annual coupon of 9.25 percent to investors of these bonds.

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