Indian Markets Decline, IREDA Sets Bond Coupon at 7.77%, Titan Hits Q3 Revenue High

8 Jan 2024 , 01:22 PM

Indian benchmark equity indices witnessed a significant decline in Monday’s trade amid a widespread selloff.

FMCG and PSU bank indices were the top losers, each experiencing a decline of over 1%.

At the time of writing, the Sensex was trading at Rs 71,589, reflecting a 0.61% decrease, while the Nifty was trading at Rs 21,577, also showing a 0.61% decline.

Indian Renewable Energy Development Agency (IREDA) has set a 7.77% coupon on bonds maturing in three years and four months, with bids worth Rs 809 crore accepted.

Titan shares rose nearly 2% to reach their 52-week high on the NSE after reporting a 22% YoY increase in standalone revenue for the quarter ended December 2023.

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