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Novelis Inc., Hindalcos overseas arm, raised $750 million through 6.88% five-year bonds. Proceeds will repay $738 million in credit facility debt and support corporate purposes, bolstering its global aluminium operations.
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Why are government borrowing costs rising and what does it mean for ordinary people?
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According to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates, if the Nifty sustains above 23,460, a short-term pullback toward 23,800-23,900 is likely. However, resistance is expected near 23,930, where the 200-DSMA is positioned. Falling below 23,460 could lead to further weakness, potentially dragging the index down to the 23,300-23,200 range.
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News and Media
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