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This issuance comes at a time when banks have been aggressively mobilising capital through debt markets this year as credit growth remains much higher than deposit growth. Banks and financial institutions raise money through infrastructure bonds to finance long-term infrastructure projects. Indian Bank plans to raise funds for refinancing purposes.

The main international oil contract, Brent crude, fell below $70 per barrel on Tuesday for the first time since December 2021 amid concerns about slowing economic growth depressing fuel demand. Brent crude slumped 3.7 percent in afternoon trading to $69.15 per barrel while the main US contract, West Texas Intermediate (WTI), tumbled 4.1 percent to $65.90. lul/zap/rl/gv

Investors are increasingly jittery ahead of the first US presidential debate between Kamala Harris and Donald Trump. Volatility measures are rising, reflecting uncertainty in the tight race. The debate could significantly impact market sentiment amid mixed economic signals and ongoing political risks.

Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with market leaders.

The collective weight of the consumption-related sectors including automobiles, consumer durables, consumer services, FMCG, and telecommunications in the portfolios of foreign portfolio investors (FPIs) reached a record high 25.5% at the end of August 2024, according to data from NSDL.

The rupee weakened marginally versus the dollar on Monday, closing at 83.975 as risk appetite of the market was weak ahead of the Federal Open Market Committee Meeting that will happen next week on 18th. Dollar sales from state run banks also helped cap further weakness in the rupee, traders said.

Short covering occurs when traders repurchase stocks they had previously borrowed and sold, typically prompted by a change in market sentiment or the emergence of new information.

Ventive Hospitality has filed its draft red herring prospectus with Sebi for a Rs 2,000 crore IPO. The company, owning luxury assets operated by global brands like Marriott and Hilton, features 11 assets across India and Maldives.

The initial share sale of Vision Infra Equipment Solutions garnered a whopping 63.30 times subscription on the closing day of bidding on Tuesday. The Rs 106.21 crore initial public offering (IPO) received bids for 29,51,36,000 shares against 46,62,400 shares for offer, the NSE data showed.