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Lower-rated entities have been tapping the bond market, as it provides lower cost of funds, versus the MCLR rates. The marginal cost of funds-based lending rate (MCLR) is a benchmark interest rate that banks in India use to determine the interest rates for loans.The Prime Database numbers show bond issuances by private and public sector banks, NBFCs and subsidiaries.

The benchmark S&P 500 is set to post its fifth straight weekly gain and is hovering near a fresh record high after rising over 21% this year.

The Board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024.

The Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened. US stock futures edged lower, while the MSCI Asia-Pacific share index eked out a gain.

Additionally, investors will closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows.

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36.

The Indian market’s journey from its humble beginning in 1986 has been nothing short of spectacular. It took over two decades for the Sensex to reach the 10,000 mark in 2006 and just another year to double in 2007. The S&P BSE Sensex surpassed 20K in December 2007.

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