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"So, we just got our in-principle approval for our AMC (MF) license. I guess now comes the hard part," Kamath said in a tweet on the microblogging website Twitter.

For information technology companies, the rise in rupee is bad news as it will further crimp their margins that are already under pressure from paying employees through the nose.

While Axis Bank is selling Additional Tier 1 paper with ‘sustainable’ or ESG tag, Adani Green is mopping up funds for capital investments.

“Festive season and earnings would be the main keys which everybody would be looking out for now. ”

The governor said government securities are distinct asset class, and it is important to appreciate the role of the g-sec market in the overall macro interest rate environment of the economy.

Analysts said Nifty50 is likely to see short-term consolidation. They advised traders to buy on dips.

Appearance of bearish candle with a close near day’s low for Nifty50 indicates possible consolidation to digest recent gains. Immediate trading band for Nifty is seen between 16900-17200 zone.

Midcap and smallcap stocks were high in demand. Zen Technologies ended the day on upper circuit, whereas RPG Life Science and ABB Power Products gained. The stocks part of F&O segment’s latest inclusion continued their rally.

On the Multi Commodity Exchange, crude oil for the September delivery traded higher by Rs 11, or 0.22 per cent, at Rs 5,037 per barrel in 4380 lots.

Realty stocks surged as few of them were included in the NSE’s F&O segment. Bank and media stocks also continued their rally. IT and metal stocks were under selling pressure.