Friday, 9 October 2015

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The S&P BSE Sensex surged over 300 points in trade on Friday tracking Asian markets, which were trading higher after US Federal Reserve minutes confirmed that the central bank is in no hurry to hike interest rates this year.

The rally in the index was led by gains in HDFC, Infosys, HDFC Bank, ICICI Bank, and Reliance Industries.India's Tata Capital Housing Finance Ltd., a unit of Tata Capital Ltd., plans to raise funds selling bonds maturing in 10 years, three merchant bankers told Newsrise on Thursday. The non-banking financial company will pay an annual coupon of 8.70 percent to the investors of the issue.

The market rallied smartly in early trade, reclaiming 8200 on the Nifty led by banking & financials, oil and technology stocks. The Sensex rose 274.91 points or 1.02 percent to 27120.72 and the Nifty rose 78.15 points or 0.96 percent to 8207.50. 

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