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The S&P BSE Sensex closed 1.10% higher at 66,902, while the NSE Nifty50 index closed just below the 20,100 level.

The loan, priced at 120 basis points over Tokyo overnight average rate (Tonar), will be used for onward retail lending. One basis point is 0.01 percentage point. Tonar is at a negative 0.1%. However, for calculation of the lending rate, zero is considered as the benchmark.

"We will follow what we call internally as a model which is known as the BMV model, which is essentially business, management, and valuation. So, in terms of business in the sector, we will try to identify companies with a product portfolio or an approval pipeline which will help in terms of growth ahead of the industry and that growth should be scalable and sustainable in nature."

"Till 2030, we envisage another 320 gigawatt of capacity addition in the renewable itself will be there. This will require around Rs 30-32 lakh crores of investment in the country. If you take 75-25 debt equity, it means roughly Rs 24 lakh crore of investment from the debt market is required. If you take 50-50 debt from NBFCs and others, around Rs 12 lakh crore will be needed from the NBFC space in which IREDA, REC, PFC are going to play a very major role."

November’s rally is being driven by increasing speculation the Federal Reserve and its global peers have largely finished hiking interest rates and will start cutting next year. Markets price a full percentage point of easing in the US next year, with the cycle starting in June.

“We will have to wait and see how the agriculture and rural economy plays out over the next 6 to 12 months. But even apart from that, I think the domestic two-wheeler demand has been reasonably good and I think that is not going to really change too much in the next 12 months.”

The promoter proposes to sell up to 32,000,000 shares in Thomas Cook and has set the floor price for the same at Rs 125/share. The floor price is at a steep discount of 21% to the current market price. On Wednesday, shares of Thomas Cook ended 4.5% lower on the National Stock Exchange at Rs 158.40.

The momentum also helped the stock to reclaim 50-DMA on the daily charts in seven trading sessions. The index broke down from the short-term moving average on November 16