INDIAN EQUITY BENCHMARK break a four-day winning
streak with rate sensitive leading the decline after comments
from Reserve Bank of India Governor Raghuram Rajan that
inflation is a destructive disease which is forcing the central
bank to keep interest rates high.
Further, Bajaj Finance is targeting to raise Rs25bn through a
fixed deposit scheme in the next three years to strengthen its
nascent wealth management business.
Canara bank slipped as the bank stock turned ex-dividend, for
the interim dividend of Rs 6.50 per share for the year ending
31 March 2014.
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