According to SGX Nifty, Indian benchmark indices are set to end their five-day losing run and open in the green. Nifty futures were trading higher on the Singapore Exchange, up more than 30 points, at the 17,011 mark. Due to weak global cues and the decline in Credit Suisse, markets continued to decline on Wednesday, extending losses into a sixth session. At closure, the Nifty was down 71 points, closing under the 17,000 mark, while the Sensex had fallen 0.59% to 57,555.
“Selling in Indian markets has now continued for five days in a row, which has been made worse by Credit Suisse’s precipitous decline, signalling the beginning of a bear market. Moreover, unfavourable global cues have added to the negative pressure on Indian markets. According to Prashanth Tapse, Senior VP (Research), Mehta Equities, “the market is anticipated to stay under pressure in the coming days, with 16,800 being the next important support level for the Nifty index.
JSW Energy
JSW Energy board on Wednesday approved allotment of 25,000 non-convertible debentures (NCD) on a private placement basis to raise Rs 250 crore. On October 28, 2022, the board also approved the NCD issue for the raising of funds up to Rs 2,500 crore by way of the private placement.
Shriram Finance
According to sources cited by news agency Reuters on Wednesday, Shriram Finance is trying to sell a 15% share in its housing financing business Shriram House Finance for a valuation of Rs 1,000 crore.
Ramakrishna Forgings
The Ministry of Railways has designated Ramkrishna Forgings and Titagarh Wagons as the Lowest Bidders (L1) for the production and supply of forged wheels under the “Atmanirbhar Bharat” initiative. The two businesses will build a cutting-edge forging factory in India and supply the Indian Railways with 1.6 million wheel discs for a variety of rolling stock over a 20-year term at an average rate of 80,000 wheels per year.
Mindspace REIT
The first REIT level Green Bond offering in India was conducted by Mindspace Business Parks REIT, which raised Rs 5.5 billion with a tenor of three years and thirty days at a set quarterly yield of 8.02% per annum payable quarterly. CRISIL Ratings and ICRA have assigned the issuing ratings of AAA/Stable, respectively.
Patanjali Foods
NSE and BSE have frozen the promoters’ and promoter group’s shareholding after the company failed to grow its public shareholding from 19.18% to 25%. This will continue until the necessary percentage of public shares is held.
source from: msn.com
