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The S&P BSE Sensex slipped about 100 points in trade on Wednesday, led by losses in Infosys, HDFC Bank, Axis Bank, Tata Motors and Tata Steel. 

India's PNB Housing Finance Ltd. plans to raise at least 5 billion rupees ($78.62 million) selling bonds maturing in five years, three merchant bankers told NewsRise on Tuesday. The housing loan provider, which is also a subsidiary of state-run lender Punjab National Bank, will pay a semi-annual coupon of 8.56 percent on these notes, they added. 

The market has opened with small cuts. The Sensex is down 22.72 points at 28159.42, and the Nifty is down 18.65 points at 8510.80. About 270 shares have advanced, 246 shares declined, and 72 shares are unchanged. 

Analysts say earnings and the monsoon session of Parliament will be the key triggers for domestic stocks for the next few days. On Tuesday, Infosys reported stellar numbers for the June quarter, but HDFC Bank, Asian Paints and HUL all disappointed with weaker-than-expected earnings. Infosys, which has the third largest weightage in the Nifty, rose over 11 per cent and supported markets. Had it not been for Infosys, markets would have slumped even more.

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