Helped by a sharp surge in its share price, Mukesh Ambani-led Reliance Industries Ltd (RIL) is fast closing in on the top-ranked TCS in market valuation with a gain of over Rs 28,000 crore last week.
The overall forex market sentiment also got a leg-up after the RBI projected India's growth at 7.4 percent for the current fiscal, up from 6.7 percent.
The S&P BSE benchmark sensex failed to maintain 30,000 level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria.
Shares of Sun Pharma fell by 3 percent today amid reports of USFDA inspection at one of the company's plant.
Defying intense global volatility and nervousness, the rupee on Friday continued its stellar rally against the US dollar, surging 24 paise to end at a fresh 20-month high of 64.28 amid escalating geo-political trouble.
The broader NSE Nifty also broke below the 9,200-mark to finish at 9,198.30, down 63.65 points, or 0.69 percent.
Muthoot said funds raised through this issue will be utilised primarily for lending activities.
The bank will likely have to increase its provisioning for bad loans -- setting aside money to partly cover the non-performing assets (NPAs) following its merger with five subsidiaries.
The benchmark BSE Sensex lost over 164 points to 29,763.02 in early trade today as RIL led the fall on increased selling by participants amid weak trend in other Asian markets.
Sebi has said that insider trading regulations would be applicable on all "connected persons" and not just on persons designated by the board of a company.
Keeping its bullish wave intact, the rupee on Thursday soared to a near 20-month high of 64.52, firming up by another 35 paise against the US dollar on massive unwinding of the American currency by exporters amid buoyant growth outlook by the Reserve Bank.
The RBI policy to keep the repo rate on hold was on expected lines, even though the reverse repo rate was hiked to six percent.
The fund is expecting to log 35 percent growth this fiscal.
Benchmark Sensex retreated from its record high to end 47 points lower at 29,927.34 today after the Reserve Bank left the key policy rate unchanged.
Domestic investors were cautious ahead of RBI's monetary policy meet as the market benchmark Sensex retreated from record close by falling about 122 points in early trade on Thursday while Asian cues were muted on overnight losses in the US.
More than 95 percent Indian households prefer to park their money in bank deposits, while less than 10 percent opt for investing in mutual funds or stocks, a new Sebi survey showed Wednesday.
The asset base of mutual fund industry in India surged 35 percent to all-time high of Rs 18.3 lakh crore in 2016-17, driven by growing participation from retail investors.
The benchmark Sensex closed up 0.21 percent at 29,974.24 after breaching the 30,000 mark earlier in the session for the first time since March 4, 2015.
On Monday the Sensex closed at 29,910.22 points while it was a trading holiday on Tuesday.
Concerned over high level of bad loans in the banking system, a parliamentary panel has asked PSU banks to devise a mechanism to detect stressed assets early so that urgent corrective steps can be taken.