Mumbai, June 2 (IANS) Indian benchmark indices ended higher on Tuesday, supported by gains in information technology, metal, and consumer durable stocks, even as investors remained cautious ahead of key trade negotiations between India and the United States.The Nifty settled 100.95 points, or 0.43 per cent, higher at 23,483.55, while the Sensex advanced 382.50 points, or 0.52 per cent, to close at 74,649.84.Commenting on Nifty technical outlook, experts said that the 23,500–23,550 region remai…
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New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…
Mumbai, May 22 (IANS) Global brokerage Bernstein has gone bullish on Adani Group over robust execution and a healthy balance sheet, hailing its ability to execute at scale against competition while expressing comfort on debt levels as well as promoter holding and share pledge metrics.The brokerage said in a comprehensive note that it is not concerned about debt levels, with debt repayment schedules and yields both described as comfortable. Promoter holding and share pledge metrics were also labe…
New Delhi, May 22 (IANS) In a major shift among foreign investors regarding their investments in India’s largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report.According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over $2 billion across three Adani Group companies — Adani Po…
Ahmedabad, May 21 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL).In a regulatory filing, the Adani Group company said it has entered into a share purchase agreement with JAL to acquire 100 per cent shareholding in JFIL, which is the holding company of Kanpur Fertilizers and Che…
New Delhi, May 12 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said its maritime subsidiary Astro Offshore has partnered with US-based engineering and applied technology company Oceaneering International Inc. to expand into ultra-deepwater and subsea operations, a major step in its global offshore growth strategy.The agreement between the companies is aimed at tapping specialised offshore opportunities in Europe and strengthening capabilities in complex subsea engineering …
Mumbai, May 11 (IANS) Indian benchmark equity indices ended sharply lower on Monday as investor sentiment weakened amid rising concerns over the impact of the ongoing West Asia conflict on global growth and inflation.At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 per cent lower at 76,015.28.Commenting on the Nifty technical outlook, experts said that overall, the index appears vulnerable in the short term.“Immediate s…
Mumbai, May 4 (IANS) Indian equity benchmarks ended higher on Monday but pared early gains to close off the day’s highs, as weakness in IT and banking stocks weighed on sentiment amid volatility linked to ongoing election results.The Sensex rose 356 points, or 0.46 per cent, to settle at 77,269.40, while the Nifty gained 121.75 points, or 0.51 per cent, to close at 24,119.30.Commenting on Nifty technical outlook, experts said that from a derivatives perspective, the structure remains clearly d…
Mumbai, April 28 (IANS) Indian benchmark indices closed lower on Tuesday, tracking a sharp rise in global oil prices amid fresh geopolitical uncertainty in West Asia.The Nifty and the Sensex both ended lower as investors turned cautious over escalating tensions involving the United States and Iran.At the closing bell, Sensex was at 76,886.91, down by 416.72 points or 0.54 per cent. The Nifty was at 23,995.70, down by 97 points or 0.40 per cent.Adani Ports, ITC, Bharti Airtel and Tech Mahindra am…
Mumbai, April 27 (IANS) Indian equity benchmarks closed near the day’s high on improved investor sentiment after India-New Zealand FTA finalised in the national capital.The agreement which sealed in the presence of Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McClay removes tariffs on 100 per cent of India’s exports to New Zealand, and either sharply reduces or removes tariffs on 95 per cent of the country’s imports from New Zealand.At the closing bell, the Nifty end…