Markets may continue consolidation; Kotak Mahindra Bank, SBI, Vedanta in focus
SBI, the country’s largest lender, said it has raised ₹4,000 crore via additional Tier 1 bonds at a coupon rate of 7.72%, the first such issuance in the domestic market after the Securities and Exchange Board of India issued new rules.
MUMBAI: Markets are likely to continue to be in consolidation phase on Thursday while trends in SGX Nifty indicate a mild opening of Indian benchmark indices. On Wednesday, the BSE Sensex ended at 57,338.21, down 214.18 points or 0.37%. The Nifty closed at 17,076.25, down 55.95 points or 0.33%.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started