Non-banking finance company Sundaram Finance is looking at "significant opportunities" in the construction equipment, light commercial vehicle and tractor market, a top official said.
The bonds earned a AAA rating from S&P Global Ratings and an A-one rating from Moody’s Investors Service.
The NSE Nifty finished at 11,010.20, showing a gain of 53.10 points, or 0.48 per cent, after shuttling between 11,030.25 and 10,946.20.
Shares of Bajaj Finance soared over 8% after the company reported a 81% jump in consolidated net profit in the June quarter.
The broader NSE Nifty was up 0.57 percent at 11,019.15, as of 0648 GMT, while the benchmark BSE Sensex climbed 0.55 percent to 36,551.05.
German economic growth likely accelerated slightly in the second quarter from 0.3 percent in the first three months of the year, but the threat of a global trade war and Brexit both present risks to the outlook, the Finance Ministry said.
Bajaj Finance today reported a 81 per cent year-on-year jump in consolidated net profit to Rs 836 crore in the June quarter, helped by better operating expenses and increase in fee income.
ECL Finance (ECLF) today said it will raise up to Rs 2,000 crore through a pubic issue of bonds.
Performing states would not be penalised by the 15th Finance Commission while allocating funds as a mechanism has been devised to incentivise them, Rajya Sabha Chairman M Venkaiah Naidu said.
Benchmark Nifty slipped 27 points to close at 10,980.45 today after the opposition tabled a no-confidence motion against the government, which dented investor sentiment.