The Indian stock market is expected to open flat after Nasdaq closed at a new record high. Asian markets look poised to track Wall Street’s tech-fueled rally. Trends on SGX Nifty indicate a flat opening for the index in India with a 2-point gain. Sensex closed at 38,050.78, up 173.44 points on August 17 and the Nifty climbed 68.70 points to 11,247.1. The bounce back after … [Read more...] about What changed for the market while you were sleeping? Top 10 things to know
The Supreme Court on Friday said Reliance Jio must pay adjusted gross revenue (AGR) dues of Reliance Communications NSE 4.44 % since it has been using the latter’s spectrum since 2016, and asked all bankrupt telcos — who have expressed their inability to pay dues worth ₹57,000 crore — to explain who used their airwaves while the insolvency resolution proceedings were … [Read more...] about Supreme Court asks Jio why it shouldn’t be paying AGR dues for the RCom spectrum it uses
Infrastructure stocks were trading on a negative note at 01:42PM (IST) on Friday. Shares of Bharat Heavy Electricals NSE -4.11 % (down 2.82 per cent), Power Grid Corporation of India NSE -1.87 % (down 1.57 per cent), Interglobe Aviation (down 1.37 per cent), GMR Infrastructure NSE -2.33 % (down 0.93 per cent) and CESC (down 0.8 per cent) were the top losers in the index. While … [Read more...] about Infrastructure stocks fall; BHEL loses 3% on Friday
The domestic stock market ended over 1 per cent lower on Friday amid selling in financial counters ahead of the Supreme Court's decision on adjusted gross revenue (AGR) issue. Further, weak global cues such as lacklustre Chinese economic data and confusion over US fiscal stimulus, too, weighed on investor sentiment. The S&P BSE Sensex today shed 433 points or 1.13 per cent … [Read more...] about MARKET: Sensex slips 433 pts ahead of AGR hearing; Nifty Bank down over 2%
The $32 billion lender has 56 buy recommendations, and its consensus rating of 4.95 on a scale of 5 is the highest among the 50 largest banks globally, data compiled by Bloomberg show. Meanwhile its share price is down 32% this year, ranking it in the bottom four of that same group. Coronavirus lockdowns and low interest rates have taken a toll on global financial stocks, and … [Read more...] about India’s ICICI Bank Ltd NSE 0.08 %. is the world’s highest rated banking stock, but its performance hasn’t exactly been stellar.