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“I do not understand certain pockets of exuberance in smallcaps for sure. I really do not understand why people are chasing exotic fruits if you have an entire platter of apples and mangoes and whatever else you like on the platter. Why do you have to discover a new fruit that may even poison you?”

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The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.

The rise came despite growing uncertainty about the cash-strapped developer after Reuters reported that some of its offshore creditors were planning to join a liquidation court petition filed against the company if it does not submit a new debt revamp plan by end of next month.

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Canara Bank raised ₹5,000 crore through the issuance of 10-year infrastructure bonds at a coupon rate of 7.54%, sources said. The state-owned lender had announced a bond sale with a base size of ₹1,000 crore and a greenshoe of ₹4,000 crore.

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Transworld Holdings (THL), the promoter of Shreyas Shipping, offered to acquire shares of the company from the public shareholders in May at an indicative price of ₹338. The indicative price was revised to ₹375 this month. The floor price determined as per delisting regulations was ₹292 per share.

The shares of Signature Global and Sai Silks will debut on the exchanges today. While Signature is likely to see a decent listing, Sai Silks debut is expected to be muted.

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Investors are grappling with the rise in benchmark Treasury yields to 16-year highs after the Fed gave a hawkish longer-term rate outlook. The S&P 500 rebounded on Monday after last week it had its biggest weekly drop since March.

IFIN had in February made an interim distribution payout of ₹3,200 crore to creditors. With the latest distribution, total interim payouts by IFIN currently stands at ₹4,007 crore.

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