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In the second fund launched in 2018, it invested Rs 10,500 crore and realised cash of more than Rs 9,500 crore from the portfolio companies, it said.Under the latest fund, it is targeting to raise USD 1 billion with a greenshoe option of USD 500 million, the statement said.

“China’s weight in the MSCI emerging market has come down by 8%. India’s weight in comparison has gone up by about 7%. All the planets are aligning for India. Growth domestically is strong. Technically we are positioned very well for this market to have tailwinds and it looks like India’s time has really come, this is cliché but it looks like the cliché is coming true now. ”

Highlighting the company’s 2QFY23 pre-quarterly update, the brokerage said demand sentiments during the September-ended quarter were similar to the previous quarter, with signs of positivity in the last month. While the rural segment remained a drag, there was healthy momentum in Urban, and Premium Discretionary continued.

The brokerage expects the credit demand to sustain given tightened liquidity in the system as that will push corporates to turn to banks for meeting their credit demand. The bank is gearing up to capitalise on the opportunity and there is an expected 15% overall growth for the public-run lender, in line with the industry.

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FTSE Russell said Thursday that it would continue to keep Indian government bonds on its watch list for possible inclusion in its emerging markets debt index until March 2023, when the next assessment is due. Separately, Reuters has reported that India’s much-desired entry into a similar benchmark maintained by JPMorgan Chase & Co. may also get pushed out to next year. A decision is expected in the coming days.

In the previous trade, the precious metal had settled at Rs 50,738 per 10 grams.Silver prices zoomed by Rs 3,790 to Rs 61,997 per kg from Rs 58,207 per kg.In the international market, gold was trading in green at USD 1,710 per ounce while silver was up at USD 20.99 per ounce.

The stock market will also remain closed on October 24 and October 26, 2022 to celebrate Diwali and Diwali Balipratipada.

“The short-term trend of Nifty has turned up sharply after a broader range movement of the last few sessions,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He sees resistance at 17,600 and 18,000 levels in the near term, while the immediate support is at 17,150 levels.

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