Latest Stock Market News

State-owned Bank of Baroda on Tuesday said it has raised Rs 5,000 crore by issuing long-term infrastructure bonds. The lender said it is a ten-year bond issued at a coupon of 7.30 per cent, as per an official statement.

TPG sold a 3% stake in Tata Technologies on Tuesday for Rs 1,230 crore through Rise Climate Sf Pte Ltd. The shares, priced at Rs 1,014.16 each, were sold at a 3.2% discount to Monday’s closing price.

The electronics industry is now speculating whether arch rival Samsung Electronics too may consider an IPO for the Indian business. The three South Korean chaebols typically mirror each other in strategy, launches and manufacturing.

ICICI Securities Primary Dealership has raised Rs 300 crore through the issuance of bonds as the country’s largest standalone primary dealer looks to augment capital and boost operations at a time when various factors, such as India’s inclusion in a global bond index, have led to a favourable bond market outlook.

Indian stock markets ended the day relatively unchanged on Tuesday, with gains in financial stocks counterbalancing losses in the energy and consumer sectors.

Muthoot Microfin has finalised a deal with Dutch development finance institution Triple Jump to raise $15 million in non-convertible debentures, while it is in advanced stage of discussions to raise another $35 million from Swiss impact investor BlueOrchard even as the microfinance sector is facing headwinds with symptoms of overheating visible in some pockets.

Gold prices climbed Rs 550 to Rs 74,350 per 10 grams in the national capital on Tuesday on the back of fresh demand from local jewellers. The precious metal of 99.9 per cent purity had closed at Rs 73,800 per 10 grams in the previous session on Friday.

The 30 stocks in the index are weighted according to their free-float market capitalization. The index includes companies from various sectors, such as financial services, consumer discretionary, energy, commodities, healthcare, industrials, FMCG, IT, and utilities.

Five stocks experienced short covering on Tuesday, where traders bought back shares they had previously sold short. This reduces open interest and can push stock prices higher.