IRB Infrastructure Developers To Raise Up To Rs 2,200 Crore Via NCD Issue moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Read more about IRB Infra gains after board hikes fund-raising limit on Business Standard. IRB Infrastructure Developers rose 2.43% to Rs 111.70 after the company said its board has approved the proposal of increasing the limit of raising funds.
The equity benchmarks further extended gains and hit record high levels in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, jumped 426.29 points or 0.83% to 51,775.06. The Nifty 50 index spurted 124.70 points or 0.82% to 15,240.50.
The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Both the indices have gained over 11% in seven straight sessions.
The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.37%. The S&P BSE Small-Cap index gained 0.33%.
The market breadth was negative. On the BSE, 1419 shares rose and 1482 shares fell. A total of 174 shares were unchanged.
Barometers further extended gains and hit a fresh intraday high in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, soared 631.76 points or 1.30% at 49,196.03. The Nifty 50 index jumped 190 points or 1.33% at 14,471.30.
In the broader market, the S&P BSE Mid-Cap index rose 1.72% while the S&P BSE Small-Cap index gained 1.52%.
The market breadth was very strong. On the BSE, 1,978 shares rose and 709 shares fell. A total of 133 shares were unchanged.
Positive cues from other Asian markets and robust FII inflows in the domestic equity market boosted sentiment.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, dropped 5.09% to 23.1525. The Nifty 28 January 2021 futures were trading at 14,501, at a premium of 29.70 point compared with the spot at 14,471.30.