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STRPP bonds are a type of bond that are issued by Indian non-banking firms. These bonds are designed to attract investors who are cautious about the global environment. The bonds are sold separately, and the principal and coupon payments are removed. This week, four Indian non-banking firms raised around $849 million via STRPP bonds.

The IPO was subscribed 5.44 times, led by retail investors. About 75% of the offer was reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.

The Nifty Realty index was trading 1.46 per cent down at 384.55.

For yet another day, domestic equity indices continued to bear the brunt of global nervousness after the fall-out of 2 banks in the US.

Jai Bala says the markets are in a bear grip and there is a lot of downside to work with. The next significant support for the Nifty is about 16,750, but that is going to give way. From a medium-term picture, the market needs to go below the June 2022 low of 15,183 that will make the market complete its structure.

The negative crossover of momentum indicator suggests a sell signal. Option data suggests a broader trading range between 16,600 and 17,500 zones while an immediate trading range between 16,800 and 17,300 zones

Hudco is a public sector entity offering loans for housing and urban infrastructure projects in India. The company has a market capitalisation of about Rs 9,240 crore. The corporation is headquartered in Delhi and operates through a strong operational workforce placed over its nationwide network of regional and development offices.

In the overseas markets, gold and silver traded higher at USD 1,909 per ounce and USD 20.80 per ounce, respectively.

Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

Meanwhile, total active user clients on NSE fell 2.1% MoM to 3.36 crore. This was the 6th consecutive month of a sequential decline. The intensity of the fall was lower at 7 lakh accounts in February 2023 against 1 lakh in January 2023, Motilal said in its report.