Brickwork said in a letter to Tata Chemicals that the rating has been put under watch with developing implications "on account of heightened management risk due to change in top management at holding company/group level, which may impact the strategic decision making in TCL".
The portion set aside for qualified institutional buyers was oversubscribed 4.94 times, while that of non-institutional investors 42%, sources said.
The Dow Jones industrial average was up 28.35 points, or 0.16 per cent, at 18,198.03.
The stock markets have given good returns in past one year, with the Nifty rising 10 per cent since last Diwali.
The 'Muhurat' trading, which is conducted on the auspicious occasion of Diwali, will be held between 1830 hrs and 1930 hours, the stock exchanges said.
Bajaj Auto Ltd today reported 7.2 per cent increase in consolidated net profit at Rs 1,200.72 crore for the second quarter ended September 30.
Inox Leisure on Thursday reported a drop of 92.56 per cent in its consolidated net profit at Rs 1.58 crore for July-September.
Tech Mahindra was the top percentage gainer on the NSE index, rising as much as 7.2 percent, after reporting the biggest revenue growth among its peers in the September quarter.
Glenmark's consolidated revenue was up 16.48 per cent to Rs 2,224.10 crore during the quarter under review as against Rs 1,909.36 in the same period last year.
The company had posted a net profit of Rs 780.3 crore for the corresponding period a year ago.
The Sensex ended 26 points higher at 27,941 and Nifty advanced 23 points to close at 8,638.
TVS Motor Company has outperformed the entire two-wheeler space and the outperformance is likely to continue.
Sectors linked to interest rates weighed, however, as yields on benchmark 10-year Treasury notes touched a five-month high of 1.87 percent.
Benchmark bond yields in Australia and New Zealand climbed to their highest levels since May after rates on U.S. Treasuries surged this week amid mounting speculation the Federal Reserve will raise interest rates by December.
The Supreme Court today agreed to hear a plea of Noida Toll Bridge Company Limited challenging Allahabad High Court's order.
The rupee turned weaker for the second straight day against the resurgent dollar, falling by 4 paise to end at 66.87 on steady demand for the American unit.
The IPO is the second largest this year after private sector life insurer ICICI Prudential Life Insurance Co Ltd raised Rs 6,057 crore last month in the biggest domestic IPO in six years.