Closing Bell: Sensex ends higher, Nifty near 10,500; SBI down 1%. Investors await Infosys Q4 earnings due later in the day.
Closing Bell: Sensex ends higher, Nifty near 10,500; SBI down 1%
Investors await Infosys Q4 earnings due later in the day.
Investors await Infosys Q4 earnings due later in the day.
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Market at Close: Shares have ended the day and week on a positive note, with the Nifty closing near 10,500-mark.
The Sensex is up 91.52 points or 0.27% at 34192.65, and the Nifty up 21.90 points or 0.21% at 10480.60. The market breadth is negative as 1265 shares advanced, against a decline of 1435 shares, while 156 shares are unchanged.
The Sensex is up 91.52 points or 0.27% at 34192.65, and the Nifty up 21.90 points or 0.21% at 10480.60. The market breadth is negative as 1265 shares advanced, against a decline of 1435 shares, while 156 shares are unchanged.
Adani Ports, Wipro, and Tech Mahindra were the top gainers, while SBI, Axis Bank, BPCL and Bajaj Finserv lost the most.
Fundraising: HDFC Bank said it plans to raise Rs 50,000 crore through bonds in the next 12 months to fund business expansion.
The decision to this effect will be taken in the board meeting on April 21, 2018, HDFC Bank said in a regulatory filing.
The funds will be raised by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (Financing of infrastructure and affordable housing) up to a total of Rs 50,000 crore in next 12 months through private placement mode, it said.
The decision to this effect will be taken in the board meeting on April 21, 2018, HDFC Bank said in a regulatory filing.
The funds will be raised by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (Financing of infrastructure and affordable housing) up to a total of Rs 50,000 crore in next 12 months through private placement mode, it said.
CJI issue: The Supreme Court today decided to examine a PIL filed by former law minister Shanti Bhushan challenging the existing roster practice of allocation of cases by the Chief Justice of India (CJI).
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A bench comprising Justices A K Sikri and Ashok Bhushan sought the assistance of Attorney General K K Venugopal and Additional Solicitor General Tushar Mehta in dealing with the PIL stating that the CJI cannot exercise arbitrary power in allocation of cases.
However, the bench took objection when Bhushan's counsel made an attempt to bring to its notice the unprecedented January 12 press conference held by four of the court's most senior judges -- Justices J Chelameswar, Ranjan Gogoi, M B Lokur and Kurian Joseph -- who had accused Chief Justice Dipak Misra of arbitrarily allocating cases.
However, the bench took objection when Bhushan's counsel made an attempt to bring to its notice the unprecedented January 12 press conference held by four of the court's most senior judges -- Justices J Chelameswar, Ranjan Gogoi, M B Lokur and Kurian Joseph -- who had accused Chief Justice Dipak Misra of arbitrarily allocating cases.
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