Market Rebounds as Sensex and Nifty Rise; M&M Financial Services Approves Rs 3,000 Crore NCDs

24 Jan 2024 , 01:46 PM

Sensex and Nifty rebounded post-Tuesday selloff, driven by index heavyweights’ buying.

Global market mood remained mixed; realty index faced significant selling pressure.

India VIX surged by 3%, indicating higher volatility ahead of F&O expiry.

Sensex rose by 146.32 points (0.21%) to 70,516.87; Nifty increased by 54.50 points (0.26%) to 21,293.30.

Market breadth: 1749 shares advanced, 1427 declined, and 71 remained unchanged.

Mahindra & Mahindra Financial Services board approved issuing secured NCDs worth Rs 3,000 crore on a private placement basis.

NCD issue includes a base size of up to Rs 500 crore and a green shoe option up to Rs 2,500 crore, each debenture having a face value of Rs 1 lakh.

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