Rollovers hint at a bullish November for Dalal Street
The Nifty advanced 0.46%, or 80.60 points, to close at 17,736.9. Intraday, it touched a high of 17,783.90. The BSE’s Sensex closed at 59,756.84, up 212.88 points, or 0.36% from the previous close. Both indices briefly fell below Tuesday’s closing but saw a sharp recovery in the final one hour.
NARCL to make its first acquisition in Jaypee Infratech
Lenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In the first week of October, NARCL gave a ₹3,570-crore binding bid for the loans held by public sector banks, triggering a Swiss challenge auction.