Equity benchmark indices Sensex and Nifty closed marginally lower on Friday as investors booked profit in FMCG, IT and healthcare stocks after the BSE Sensex and Nifty hit fresh lifetime highs in intra-day deals. The 30-share BSE Sensex dipped 7.65 points or 0.01 per cent to settle at 75,410.39. During the day, it rallied 218.46 points or 0.28 per cent to hit its all-time intra-day high of 75,636.50.
Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.
'India's top companies currently lack the organisational wherewithal to hire and train 2 million interns annually, given their current scale of operations and existing employee base.'
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
Among the Sensex firms, HCL Technologies, Tata Consultancy Services, Maruti, Wipro, Larsen & Toubro, Infosys, Tata Steel, Bharti Airtel, State Bank of India, Tech Mahindra, UltraTech Cement and Mahindra & Mahindra were the major gainers.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
He is not experienced enough to run a state and ultimately "Lalu would have been at the helm" of Bihar, Bharti said.
Bharti has been expanding its spectrum portfolio and now owns 4G data across all 22 circles in India
From the Sensex firms, Power Grid, NTPC, Tech Mahindra, Bharti Airtel, Tata Motors, IndusInd Bank, Reliance Industries, Kotak Mahindra Bank and Maruti were among the laggards. Asian Paints, Wipro, JSW Steel, Hindustan Unilever, Bajaj Finserv and Mahindra & Mahindra were among the biggest gainers.
A court in Mumbai on Wednesday remanded Mihir Shah, the prime accused in the BMW hit-and-run case, in police custody till July 16.
Political observers lauded the SP's choices in fielding several non-Yadav and Scheduled Caste candidates, the party's alliance with the Congress, and Rahul Gandhi's campaign around the danger to the Constitution if the BJP won a big majority.
Shares of Avenue Supermarts (DMart) have rallied 15 per cent in the past month, even as the benchmark National Stock Exchange Nifty has remained flat. The stock has garnered favourable commentary from both fundamental and technical analysts after three years of poor performance. "DMart has reached its first 52-week high since October 2021, taking off from solid base formations.
Qualcomm launched its new affordable, India-designed chipset, the Snapdragon 4s Gen 2, on Tuesday. This chipset will enable mobile device makers to sell 5G smartphones operating on a standalone (SA) network for Rs 8,300 or less.
Union ministers Ravneet Singh Bittu and George Kurian were elected unopposed to Rajya Sabha Tuesday along with senior Congress leader Abhishek Manu Singhvi and former minister Upendra Kushwaha.
'These are capex and infrastructure-linked sectors, PSUs or stocks of some corporate houses.'
From the Sensex basket, Bharti Airtel, Nestle, Maruti, Tata Motors, HCL Technologies, NTPC, Asian Paints and State Bank of India were the major gainers. Sun Pharma, Reliance Industries, Mahindra & Mahindra, JSW Steel, Tech Mahindra and Bajaj Finance were among the laggards.
'BJP insiders acknowledge that the party needs to be helmed by someone who can match Arvind Kejriwal's stature.' 'A Sudhanshu Trivedi or Bansuri Swaraj could bring the freshness the party needs in Delhi,' points out Aditi Phadnis.
The ED had on December 23 filed its final report against Bharti and her husband Shailesh Kumar through advocate Nitesh Rana.
Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, falling for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls. The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. It went below the 75,000 mark to hit the day's low of 74,454.55, plunging 715.9 points or 0.95 per cent.
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank's comfort zone of below 6 per cent, according to government data released on Wednesday.
Prime Minister Narendra Modi-led National Democratic Alliance government has changed the telecom policy after receiving electoral bonds worth Rs 150 crore from a company, All India Majlis-e-Ittehadul Muslimeen chief Asaduddin Owaisi claimed on Thursday.
While other backward classes had a share of 9 per cent, there were no scheduled tribe billionaires.
From the Sensex basket, PowerGrid, Bharti Airtel, Wipro, HDFC Bank, Kotak Mahindra Bank, UltraTech Cement, Asian Paints, Infosys and Reliance Industries were the major laggards. Bajaj Finance, NTPC, Larsen & Toubro, Axis Bank, Tata Motors, IndusInd Bank and Bajaj Finserv were among the gainers.
A number of high-profile electoral battles, starring veterans and debutants, formidable opponents and unlikely contestants, feature in Tuesday's outcome.
The 61-year-old saffron clad BJP leader is the 19th accused to depose before the court in the over 27-year-old case. 13 other alleged accused, including former deputy prime minister LK Advani and senior BJP leaders MM Joshi and Kalyan Singh are yet to be examined at this stage.
IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.
Asserting the AAP MLAs will not leave the party, Jha escalating his attack on the BJP said that Operation Lotus has begun again.
January 22, 2024 has passed into history. Scenes from a day of religious fervour in many parts of India.
Leader of Opposition in the Lok Sabha Rahul Gandhi met Speaker Om Birla on Thursday and voiced his displeasure over the reference to Emergency made by the chair, saying it was 'clearly political' and could have been avoided.
Thackeray also declared the candidature of Satyajit Patil, Bharti Kamdi and Karan Pawar from Hatkanangale, Palghar, and Jalgaon constituencies, respectively.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
The market capitalisation of listed companies on the NSE surpassed $5 trillion (Rs 416.57 trillion) on Thursday on a day when the Nifty 50 index touched an all-time high of 22,993.60. The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday indicating that growth in the equity market is not restricted to only the large capitalised stocks, a statement by NSE said.
Bharti also targeted Congress chief Rahul Gandhi, saying by choosing to contest elections from Amethi and Wayanad, he has accepted defeat.
A day after the Congress accused Uddhav Thackeray of unilaterally announcing his party's candidates for the upcoming Maharashtra legislative council polls, the two parties finalised a deal on Wednesday under which the Shiv Sena (UBT) will contest three out of four seats, while the grand old party will fight one.
Many who track the ministry and the technology sector closely believe that the space won't see much impact on the policymaking side, but the gestation time for regulations might get long, as now there could be a wider consensus-building exercise on policy matters under a coalition government.
India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.
Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.
From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. Nestle India, HCL Technologies, Larsen & Toubro, Tata Consultancy Services, Tata Motors and Infosys were among the laggards.
Former Delhi Law minister Somnath Bharti broke down during questioning by investigators, who on Wednesday took him to his Dwarka residence where he came face to face with his wife in connection with the dowry harassment and attempt to murder case.
From the Sensex basket, NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers. Bharti Airtel, Maruti, ICICI Bank and Asian Paints were the laggards.
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