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The Nifty50 surged over its crucial psychological level of 8300, supported by gains in pharma, auto, banks, metal, and realty stocks. India's HDB Financial Services Ltd. plans to raise funds selling bonds maturing in three years, three merchant bankers said. The company will pay an annual coupon of 8.50 percent to investors of this issue.India's Reliance Capital Ltd. has raised 200 million rupees through two bond issuances, data from National Securities Depository Ltd. showed.
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