Bharti will move FIPB soon for increasing Axa's stake to 49%
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
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