Shyam Metalics will utilise proceeds from the fresh issue for repayment of debt and general corporate purposes.

Investors can expect fairly predictable and stable kind of cash flows from the existing five assets and also there is good growth potential going forward, PowerGrid CMD K Sreekant.

In InvIT, Trust manages the assets of the company and then whatever they earn while managing the assets will be distributed amongst the unit holders.

PowerGrid InvIT raised Rs 3,480 crore by issuing 34,80,74,100 units to marquee anchor investors on April 28.

Brokerages give a thumbs up, citing strong lineage and support from the sponsor, solid financial positioning, consistent and stable cash flows, strategic and critical nature of power transmission business, and a skilled and experienced investment manager

Power Grid Corporation is required to hold 15 percent stake in the InvIT and the rest by public unitholders.

Experts see 16,000 as the next big hurdle for Nifty, while support for the index has moved higher to 15,500-15,600 after today#39;s session.

RBI kept the repo rate and reverse repo rate unchanged at 4 percent and 3.35 percent, respectively, with an accommodative policy stance.

Buying was seen in infra, metal, FMCG, energy and banking names, while pharma stocks remained under pressure.

Nifty auto, metal, energy and PSU Bank indices rose 1-3 percent each. BSE Midcap and Smallcap indices added over 1 percent each.

Among sectors, buying saw in the infra, IT and energy sectors, while bank, auto and metal sectors ended in the red. BSE Smallcap index shed 0.3 percent, while Midcap index ended flat.

Among sectors, except IT, auto and PSU bank, all sectoral indices ended in the green. BSE midcap and smallcap indices also ended higher.

Except for pharma and IT, all other sectoral indices ended in the green. BSE Midcap and Smallcap indices ended marginally lower.

Except for pharma and energy, all other sectoral indices ended higher with Nifty Bank, IT and PSU Bank indices adding 1-2 percent.

Among sectors, IT and realty indices rose 2 percent each, while energy and metal indices shed 1-2 percent.

Nifty has to hold above 15,150 zones to witness an up move towards 15,300 then lifetime high of 15,431 marks, said Chandan Taparia of Motilal Oswal Financial Services

Except for FMCG and metal, all other sectoral indices ended in the green. BSE Midcap and Smallcap indices rose 0.7-0.8 percent.

The BSE midcap index touched a fresh record high with nearly a percent gain, while the smallcap index added 0.65 percent.

Among sectors, except for PSU Banks, all other sectoral indices ended in the red with Nifty metal index down over 3 percent and Nifty Bank index down 1 percent.

On the BSE, realty, power and healthcare indices rose 1-2 percent, while metal, bank and auto indices ended in the red.

Among sectors, Nifty energy, bank, auto, metal and PSU bank indices rose 1-4 percent. BSE midcap and smallcap indices added 1.6 percent each.