But venture investors have been overshadowed by ever-ballooning private equity firms and believe it's inevitable that some of the capital sloshing around the buyout world will find its way to them. The figure is roughly three times the $129.6 billion that private equity firms shelled out last year to buy 721 companies.

India's second largest lender ICICI Bank is poised to make significant investments on technology and manpower in the next five years to serve four major booming businesses -- corporate, SMEs, wealth management and rural and agriculture.

PNB continued to lost ground and ended nearly 2.5 per cent lower. ABB, which gained more than 10 per cent in the last 2 trading sessions, slipped and was the worst performer among index stocks - closing more than 2.5 per cent lower. Among metals, SAIL lost well over 2 per cent and Hindalco closed nearly 2 per cent lower.