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Earlier this year, Mumbai International Airport (MIAL), run by Adani Airport Holdings (AAHL), raised about $750 million in debt from US-based Apollo Global Management. The money was raised via bonds privately placed in the US, known as USPP Debt. The debt papers, of seven-plus-year maturities, carry a coupon of about 6.5%, said a market source.

"National Highways Infrastructure Trust, a registered infrastructure investment trust under the InvIT Regulations, sponsored by NHAI (an autonomous authority of the GoI) has filed its draft prospectus for a public issue of secured, rated, listed, redeemable, non-convertible debentures," it said in a statement.

“The best days of FMCGs are behind them. FMCG stocks are going to be challenged because most of the categories have reached maturity. The recoveries expected to come from rural spending are no longer there. We are not that positive on FMCG companies per se.”

The recent manufacturing PMI trajectory for India indicates a robust demand environment, while input cost pressures have started easing with the meltdown in commodity prices.The manufacturing sector’s share in the Indian economy has reached the pre-Covid level of 18% of gross value added in 2021-22 (April-March), and ICICI Securities believes it is poised to hit an all-time high in the medium term.

“Historically, we have seen that in PSUs, there will be growth, but there will be hiccups in between, and margins will not improve. I think whoever is playing a margin improvement story in PSU defence companies, you have to assume that margins might compress,” he said.

This can be seen in two ways: one, Diwali season has slowly become the de facto shopping fiesta for the country with incredible deals across online and offline platforms leading to crazy levels of shopping and two, we can see a fascinating array of religious activities that are geared towards building wealth creation.

Now, the index has to hold above 17,300 for an up move towards 17,442 and 17,500 zones, whereas support can be seen at 17,167 and 17,071 zones. Options data suggests a broader trading range in between 16,800 to 17,700 zones, while an immediate trading range is between 17,000 to 17,500.

Nifty’s coming week expiry option chain reflects on PE writers actively adding their positions all the way till 15,000 strikes - overall more than 30 thousand contracts each, with CE writers standing tall at 17,400/17,500 zones, with over 60 thousand contracts each.

The market regulator has also asked them to wind down operations within six months

According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee opened stronger tracking a fall in the dollar over the past two sessions. Moreover, Asian and emerging market peers were also stronger this Thursday morning and lent support.