The Nifty closed on a positive note. Cairn India, BPCL, Infosys Technologies and IDFC led the upmove.
The 50-share index ended at 5,242.15, up 25.85 points or 0.50 per cent. It touched a high of 5,257.75 and a low of 5,233.15 in trade today.
The Sensex closed at 17,272.61, up 87.60 points or 0.51 per cent. It touched a high of 17,318.93 and a low of 17,244.76 in trade today.
The BSE Midcap Index was up 0.14 per cent and the BSE Smallcap Index moved 0.39 per cent higher.
Among the sectoral indices, the BSE IT Index moved up 1.62 per cent, the BSE Oil & Gas Index gained 1.21 per cent, the BSE Power Index was up 0.94 per cent and the BSE Metal Index advanced 0.91 per cent. The BSE Auto Index was down 0.39 per cent.
Asia’s first covered Sukuk issued by MBSB
RAM Ratings has assigned a final AA1/stable rating to Malaysia Building Society Berhad’s (MBSB) MYR 495 million Tranche 1 Structured Covered Sukuk (Tranche 1 Sukuk). Tranche 1 Sukuk is MBSB’s first i
MARC assigns preliminary rating of AAAIS
MARC has assigned a preliminary rating of AAAIS to TNB Western Energy Berhad’s issuance of MYR 4.0 billion Islamic Securities (Sukuk) with a stable outlook. TNB Western Energy is a wholly-owned fundi
New guidelines for Islamic banks, Takaful
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful, or Islamic insurance, as the industry bod