The S&P BSE Sensex slipped over 100 points in morning trade on Wednesday, led by losses in Axis Bank, ICICI Bank, Lupin, Infosys, and ONGC.The Nifty50 slipped below its crucial psychological support level of 8,200, weighed down by losses in pharma, auto, banks, metal, oil & gas and realty stocks.
India's LIC Housing Finance Ltd plans to raise at least 2.50 billion rupees selling bonds maturing in three years and six months,three merchant bankers said on Tuesday.The housing finance company will pay an annual coupon of 8.28 percent on the bonds.India's Housing Development Finance Corp plans to raise 10 billion rupees selling bonds maturing in 14 months,three merchant bankers said. The housing finance company will offer an internal rate of return of 8.15 percent on these notes.
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