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The S&P BSE Sensex pared gains after rallying as much as 104 points in trade on Tuesday, led by losses in ITC, TCS, Sun Pharma, HDFC Bank and HDFC. The 50-share Nifty index also came under selling pressure soon after it surged past its crucial level of 8550, weighed down by losses in FMCG, metal, and banking stocks.
India's Rural Electrification Corp plans to raise at least 10 billion rupees selling bonds maturing in five years,four merchant bankers told NewsRise on Monday. The state-run company has invited bids from merchant bankers to set the annual coupon on the bond issue. Bids have to come in by 3:00 p.m. on Tuesday.
About 619 shares have advanced, 237 shares declined, and 65 shares are unchanged.Banking, metal, oil & gas and auto stocks witnessed mild selling pressure. On the other hand some buying was seen in technology and realty stocks.From the Nifty-50 basket of stocks, 28 stocks were declining while 22 were advancing.
India's Rural Electrification Corp plans to raise at least 10 billion rupees selling bonds maturing in five years,four merchant bankers told NewsRise on Monday. The state-run company has invited bids from merchant bankers to set the annual coupon on the bond issue. Bids have to come in by 3:00 p.m. on Tuesday.
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