Moneta (Sep-October) Sep-Oct | Page 14

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,