Markets fall for a 3rd day as Fed keeps 2023 hike in play
NSE’s Nifty fell 159.05 points or 0.8% to close at 19,742.35. BSE’s Sensex declined 570.60 points or 0.85% to end at 66,230.24. Both indices have dropped close to 2.4% in the past three trading sessions after hitting record highs last week.
JSW Infra’s revenue visibility, port rights make it a long-term play
The cargo handling is highly dependent on bulk cargo, therefore any sharp variation in commodity prices may weigh on the cargo handling volume. Any change in terms of concession and license agreement from the government could impact financial performance. The fees to regulatory authorities account for 17% of the total revenue of the company.
ICICI, Canara Bank may raise up to Rs 9,000 crore
Both ICICI Bank and Canara Bank are likely to issue 10-year bonds. Bidding for the latter’s bond sale may take place next week, sources said.
SJVN presents favourable risk-reward positioning, offer of sale’s worth a bid
The government will sell 174 million shares or 4.92% stake in the state-owned company at a floor price of ₹69 per share through a two-day offer for sale. Shares will be sold to retail investors on Friday, the second day of the OFS.
Capital adequacy norms to apply to Nabard, Sidbi
As per the final directions released on Thursday has stipulated that these financial institutions maintain a total minimum total capital of 9 percent under the first pillar. While they are required to maintain a minimum common equity capital of 5.5 percent and minimum tier1 capital of 7 percent.
Large corporates get more flexibility on raising debt
In 2018, in line with that year’s budget, Sebi said large corporates had to raise at least 25% of incremental borrowings during the financial year by issuing debt securities. The move was aimed at deepening the corporate bond market.