ISSUE NO: 17
limit it at $300 million as it has
seen higher demand for domestic
bond investors," one of the people
said.The bonds will be listed on the
Singapore
Stock
Exchange.
JPMorgan Chase, HSBC, Standard
Chartered Bank, National Bank of
Abu Dhabi and SBI Capital
Markets were some of the
investment bankers to the issue.
Shares of Yes Bank BSE 0.34 %
fell nearly 4 per cent today amid
reports that market regulator Sebi
is looking into discrepancies in the
company's deferred $1 billion QIP
plan.
The stock fell by 3.78 per cent to
Rs
1,206
on
BSE.
At NSE, shares of the company
went down by 3.77 per cent to Rs
1,206.20.
On the volume front, 2.50 lakh
shares of the company were traded
on BSE and over 29 lakh shares
changed hands at NSE in morning
trading
session.
Gold prices edged lower on
Thursday as investors booked
profits after a 1.5 per cent rise in
the previous session, opting for
12 | P a g e
SEP-OCT
riskier assets like equities after the
US Federal Reserve held interest
rates steady at the end of a two-day
policy
meeting.
The US central bank, however,
strongly signaled it could still
tighten monetary policy by yearend as the labor market improved
further.
Spot gold was down 0.3 per cent at
$1,332.80 an ounce by 0402 GMT,
while US gold fut futures rose 0.4
per cent to $1,336.70 an ounce.
"People are expecting that the Fed
is going to raise rates for sure in
December. So, they have started to
take profits," said Richard Xu, a
fund manager at HuaAn Gold,
China's top gold exchange-traded
fund
(ETF).
"The first phase of a gold run,
which is largely driven by the
Fed's inaction to raise rates, is
over. The market is now looking
three months ahead and taking
positions
accordingly."
The S&P BSE Sensex rallied over
150 points in morning trade on 29th
September ahead of September
F&O expiry. The rally in the index
was led by gains in RIL, ICICI
Bank, HDFC, ITC, Infosys,