Auto Sector

The company is raising Rs 500 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

The two companies have signed an agreement in this regard.

Market participants wait for US CPI inflation data, due next week.

RBI raises interest rate by 25 basis points.

Good show likely for the company.

We believe that the large part of the RBI rate hike cycle is behind us, unless inflation flares up unexpectedly.

We bring you key takeaways from this sector update undertaken by analysts at IIFL Capital Services.

The RBI hiked the rates by 25 bps to 6.50%. That makes it a full 250 bps higher since May 2022.

On the MCX, silver March futures were selling at Rs67,324 per kilogram, down Rs75.

The U.S. dollar index held steady at 103.31 against a basket of currencies after falling by 0.3% the previous day.