The
benchmark indices ended lower after the US Federal Reserve raised interest
rates and took a more hawkish tone in forecasting a slightly faster pace of
tightening for the rest of the year.The S&P BSE Sensex ended at 35,600, down 139
points while the broader Nifty50 index settled at 10,808, down 49 points.
Among sectoral indices, the Nifty IT index ended
1.5% lower led by a fall in shares of MindTree, Tech Mahindra
and Tata Consultancy Services.
Shares of Ashok
Leyland rose 2.3 percent intraday Thursday as its NBFC Hinduja Leyland
Finance has filed IPO papers with SEBI.
Non-banking finance
company Hinduja Leyland Finance has filed draft red herring prospectus for its
IPO with capital market regulator Securities & Exchange Board of India The public offer
comprises of fresh issue of shares worth up to Rs 500 crore by the company and
offer for sale up to 2.19 crore equity shares.Vehicle finance NBFC
Hinduja Leyland Finance is promoted by second largest commercial vehicle maker
Ashok Leyland and Hinduja Power.
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