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18 May Markets snap record-setting trend: Sensex open 100 points on weak global cues

Key benchmark indices opened lower following weak global cues as concerns over Donald Trump's administration spooked investors sentiment. At 10.20 am, the S&P BSE Sensex, was down 146.27 points or 0.48% at 30,512.50, while the Nifty-50 index was down 63.75 points or 0.67% at 9,462.00. The BSE MidCap index was down 1.08% and the SmallCap index was down 0.95%. As for buzzing stocks, TCS, Wipro Ltd and HDFC gained on BSE Sensex, while Dr Reddy's Laboratories, ICICI Bank, Axis bank and Adani Ports lost the most on the index. HUL fell about 0.3 percent even though the company has posted a 6...
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IFC to invest up to Rs. 1000 Crore in Bajaj Finance via NCDs

The private lending arm of the World Bank, IFC (International Finance Corporation), is looking to invest up to 1,000 Cr (Approx) in Bajaj Finance Ltd, as per announcement by IFC. The International Finance Corpn will buy Bajaj Finance’s non-convertible debentures (NCDs), and the proceeds of the fund-raising will be utilized to lend to micro small & medium enterprises. The proposals are part of IFC’s strategic target to finance 10 million micro small and medium enterprises during the fiscal 2017-21. Earlier, In July 2016, Bajaj Finance had raised Rs. 490.00 crore by selling NCDs on a privat...
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