Power Finance Corp

Companies raise Rs 17k crore through NCDs in FY13

Funds raised by Indian companies through retail issues of non-convertible debentures (NCDs) more than halved to nearly Rs 17,000 crore in 2012-13, even as the capital mopped up through this route exceeded the targets.

Nifty correction seems over; next target could be 5,700 level

Long-term investors may hold on to their equity exposures and have a stop-loss at 5,000. Grasim and PFC offer opportunities for short-term punts.