Bharti Plans $1.7B Bond Deal
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🗞️ Sensex jumps 583 pts, Nifty crosses 25,000
The Sensex rallied 583 points and the Nifty 50 closed above 25,000, led by strong buying in IT and banking stocks. The upbeat mood followed steady global cues and institutional inflows.
💬 Expert Take — “Crossing 25K on the Nifty is a key psychological milestone; sustained FII inflows could drive further upside this quarter.”
🗞️ SC seeks Centre, RBI response on unclaimed assets
The Supreme Court has sought responses from the Centre and RBI on a plea to create a centralized portal for tracing unclaimed financial assets lying across banks and regulators.
🗞️ PVV Infra subsidiaries win ₹799 cr solar orders
PVV Infra’s subsidiaries secured two solar power projects worth ₹799 crore, boosting the company’s renewable energy portfolio.
🗞️ Direct cash transfers cut poverty: J-PAL
According to J-PAL’s Iqbal Singh Dhaliwal, direct cash transfers (DCTs) have proven effective in poverty alleviation and improving welfare outcomes in developing economies.
🗞️ Govt plans ₹5,000 cr R&D boost for pharma, medtech
The Centre is proposing a ₹5,000 crore R&D booster to spur innovation in pharmaceuticals and medtech, aiming to reduce import dependence and drive high-value manufacturing.
💬 Expert Take — “An R&D-linked incentive could be the missing catalyst to elevate India’s pharma from volume-led to innovation-led exports.”
🗞️ Bharti Telecom mulls record $1.7 bn bond deal
Bharti Telecom, led by Sunil Mittal, is reportedly planning a $1.7 billion bond issuance, potentially its largest-ever, to refinance debt and optimize capital structure.
🗞️ Glottis IPO listing in focus
Glottis Logistics is set to list on Tuesday, with grey market signals pointing to modest listing gains over its IPO price band of ₹120–₹129 per share.
🗞️ Corporate bond yields steady; RBI stance in focus
India’s corporate bond market remained stable as traders awaited cues from the upcoming RBI policy review, which will guide yields and liquidity in the debt market.
📊 Market Update (Today)
📈 Sensex: 81,790.12 ▲ 582.95 pts (+0.72%)
📈 Nifty 50: 25,077.65 ▲ 183.40 pts (+0.74%)
🪙 Gold (per gram, Pune): 24K ₹12,077 ▲ ₹137 | 22K ₹11,070 ▲ ₹125