NSE to auction investment limits for Rs 9,000-cr corporate bonds on Nov 7

Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for the purchase of corporate bonds worth over Rs 9000 crore on Tuesday, Nov 7, 2017.

The auction quota gives overseas investors the right to invest in debt up to the specific limit.  Till Friday, total investment in the corporate debt segment crossed Rs 2,08,804 cr, 95.86% of the total permitted threshold of Rs 2,17,822 crore. As a result, the NSE will conduct an auction for the allocation of unutilized debt limits to the tune of Rs 9,018 cr on Nov 7. 

In an auction conducted in October, investment limits for corporate bonds had attracted bids worth 11,875 cr from FPIs as against 10,502 cr put on offer.

The Sensex and the Nifty Highest Closing levels Week @ Market Live Updates

Key benchmark indices settled with small gains in a lacklustre trading session. The barometer index, the S&P BSE Sensex, rose 35.47 points or 0.12% to settle at 28,634.50. The gains for the Nifty 50 index were higher than those for the Sensex in percentage terms. The Nifty rose 28.55 points or 0.33% to settle at 8,808.40. Key indices gained for fourth day in a row. The Sensex and the Nifty, both, attained their highest closing levels in more than a week.

In overseas stock markets, European shares edged higher led by gains in banking and energy shares. Asian stocks rose with sentiment driven by a rebound in oil prices while traders were also keeping an eye on crucial monetary policy decisions due from the US and Japan later this week. Japan stock market remained closed for a holiday. US stocks registered modest losses on Friday, 16 September 2016, with financials and energy shares lagging. The US Federal Reserve policy makers begin their two-day policy meeting tomorrow, 20 September 2016. The Fed is expected to keep its benchmark interest rate unchanged in the wake of recent downbeat US economic indicators. The Fed left the target rang In overseas stock markets, European shares edged higher led by gains in banking and energy shares. Asian stocks rose with sentiment driven by a rebound in oil prices while traders were also keeping an eye on crucial monetary policy decisions due from the US and Japan later this week. Japan stock market remained closed for a holiday. US stocks registered modest losses on Friday, 16 September 2016, with financials and energy shares lagging. The US Federal Reserve policy makers begin their two-day policy meeting tomorrow, 20 September 2016. The Fed is expected to keep its benchmark interest rate unchanged in the wake of recent downbeat US economic indicators. The Fed left the target range for its federal funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016 meeting.e for its federal funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016 meeting.

 Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to IBREALEST Decrease in price was seen in CASTROLIND.