Stock Market Today: GIFT Nifty on the NSE IX up by 19 points to 19619.50, indicating that Dalal Street got off to a good start on Tuesday. Nifty fell 141 points on Monday, indicating a sell-on-rise market, and formed a little red candle with an upper shadow on the daily chart. Nifty goes above 19540 points while the Sensex rises 120 points. The 30-share BSE Sensex fell 483 points, or 0.73%, to close at 65,512. The broader NSE Nifty fell 141 points, or 0.72%, to 19,512.
Stock Market Today: Rupee may see relief
The Indian rupee is expected to open modestly higher on Tuesday, as a drop in US Treasury yields fuels a broad rise in Asian counterparts. Non-deliverable futures (NDF) suggest the rupee would open at about 83.22-83.24 to the US dollar, down from 83.2625 the previous session. The currency is barely above its all-time low of 83.29.
Hinduja talks to private debt funds for approx $800 million
According to persons familiar with the subject who asked not to be identified because the matter is private, Hinduja Group is in talks with private credit groups to acquire approximately $800 million to support the acquisition of Reliance Capital. Because the parties have not yet reached an agreement, the terms are subject to change. Because domestic banks are prohibited from issuing loans for mergers and acquisitions, India has become a hotbed for private credit activity. According to information from the Global Private Capital Association, a body representing investors, the country received the most investment volume in Asia over the last five years.
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