IDFC Shares in IDFC rallied 8.70% to Rs 163.05, after (RBIpermitted to raise long term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR or statutory liquidity ratio SLR and Priority Sector Lending (PSL).
PFC/REC:
PFC (down 5.66% at Rs 279.20)
REC (down 4.95% at Rs 326.35) and
LIC Housing (down 4.01% at Rs 307.95)
Have fallen more than 4%. HDFC was down 0.15% at Rs 975.90 .Meanwhile, UBS downgrades HDFC to "neutral" from "buy" and cuts price target to Rs 1,075 from Rs 1,100.
Jaypee Infratech: Infrastructure stocks saw huge buying interest on Wednesday after the Reserve Bank of India issued fresh guidelines for long term debt financing to projects in infrastructure and core industries. Stocks like Jaypee Infratech(up 19.86% to Rs 34.70), HCC (up 4.88% to Rs 39.75), Ashoka Buildcon(up 5.95% to Rs 154.80), Era Infra Engineering (up 4.98% to Rs 23.20)and IVRCL (up 4.90% to Rs 24.60) gained 5-20 percent.
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