Financial Services shares gained more than a percent intraday on June
Edelweiss Financial Services shares gained more than a percent intraday after ICRA reaffirmed its credit rating for the company's commercial paper and non-convertible debentures.
The financial services provider informed exchanges that ICRA re-affirmed its credit rating of A1+ assigned to the commercial paper program of Rs 6,350 crore and short-term non-convertible debenture program of Rs 100 crore of the company.
The rating of A1+ indicates a very strong degree of safety regarding timely payment of financial obligations
Benchmark indices recovered from the morning lows with Nifty trading above 11,800 marks.
At 09:55 hrs IST, the Sensex is up 127.88 points or 0.32% at 39562.82, and the Nifty up 30.30 points or 0.26% at 11826.80. About 948 shares have advanced, 532 shares declined, and 77 shares are unchanged. Oil prices rose over 1% on Wednesday to hit their highest in nearly a month as widely-watched data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential US-Iran conflict.
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