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Helped by a record rally in equities, the market capitalisation of BSE-listed companies reached its all-time peak of Rs 2,60,78,355.12 crore at close of trade on Thursday.

During the last 18 months, growth-oriented technology companies have raised a sum of around Rs 15,000 crore through IPOs (Initial Public Offerings). Their filings with Sebi at present show a pipeline of around Rs 30,000 crore, he added.

In another transaction, UBS Principal Capital Asia sold 3.39 million shares of IndusInd Bank at Rs. 1,043.5 per share through a block deal on the BSE.

The other major reform in the pipeline is setting up of a Limited Purpose Clearing Corporation for repo in corporate bonds, Tyagi said at an event organised by industry body CII.

In a statement, JSW Steel said it has become the first company in the steel sector globally to issue a USD-denominated Sustainability Linked Bonds (SLBs).

The company believes it would also unlock additional value for US shareholders, provide a liquid stock that can be used for local M&A in India, further capital to strengthen the balance sheet beside the additional sell-side research analyst coverage.

The government said banks have identified bad loans worth Rs 2 lakh crore, which will be shifted to the NARC for resolution, and nearly Rs 90,000 crore of bad debt would be resolved in the first phase.

Nifty may see a quiet start on Friday and the 17,650 and 17,700 levels may act as immediate resistance points. Supports should come in at 17,560 and 17,500 levels.

The Dow Jones Industrial Average fell 4.12 points, or 0.01 per cent, at the open to 34,810.27.

“My desirable level is Rs 300; that will be bold. We are not anywhere close to it but to get to Rs 200 will be a very justified approach to tariff hike.”