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The S&P BSE Sensex closed 2.05% higher at 68,865, while the NSE Nifty 50 index closed above the 20,650 level.

The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker. The deal is expected to be worth Rs 230 crore. The floor price for the sale is set at Rs 368.7-384.1 a share, representing upto 4% discount from the current market price.

The S&P BSE Sensex rallied over 1,300 points while the Nifty50 closed with gains of over 400 points to close at 20,686. The S&P BSE Sensex hit a record high of 68,918 while the Nifty50 hit a high of 20,702. Sectorally, buying was seen in oil & gas, banks, public sector, power and capital goods stocks.

The acquisition values PNP Port at around Rs 700 crore with a current capacity of 5 million tonnes per annum (MTPA) and potential to expand to 19MTPA. This acquisition is part of JSW Infrastructure’s strategic direction to explore opportunities to expand organically and inorganically, to provide end-to-end logistics services near the cargo consumption centres.

Polygon had an aggressive grants programme till the end of 2022, he said. However, the programme which was launched to get more developers to build on Polygon and grow the ecosystem, was shut down early this year.

Domestic benchmark equity indices hit fresh all-time highs on Monday, driven by financial and energy stocks.

During this rally, 5 midcap stocks from the Nifty200 index managed to hit new all-time highs

Stocks in the broader markets have had an exemplary run over the past 12 months with Nifty Midcap 100 returning more than 30%. On the back of this bull run, InCred Equities has identified seven stocks with Add recommendations while one with Reduce.

The rating agency expects the outstanding size of the corporate bond market to grow from Rs 43 lakh crore in the previous fiscal year to Rs 100-120 lakh crore by 2029-30, providing much-needed depth in fund-raising opportunities for companies through debt. Over the past five financial years, the corporate bond market has registered a compound annual growth rate of 9%, CRISIL said in a report.