Mumbai, May 18 (IANS) Indian equity benchmarks erased most of their intra-day losses to end marginally higher on Monday, aided by strong buying in information technology stocks even as investors continued to track developments in West Asia.The benchmark Nifty closed 6.45 points, or 0.03 per cent, higher at 23,649.95, while the Sensex gained 77.05 points, or 0.10 per cent, to settle at 75,315.04. Both indices had traded in negative territory for most of the session before recovering in late trade…
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Mumbai, May 17 (IANS) The combined market valuation of nine of the country’s top-10 most valued companies declined by Rs 3.12 lakh crore last week amid a sharp sell-off in domestic equities triggered by rising geopolitical tensions, weakness in the rupee, and surging crude oil prices.The broader market sentiment remained under pressure as the 30-share Sensex plunged 2,090.2 points, or 2.7 per cent, during the week, while the Nifty dropped 532.65 points, or 2.2 per cent.Among the top-10 valued …
New Delhi, May 14 (IANS) Airtel Chairman and Managing Director Sunil Bharti Mittal on Thursday said that he plans to hand over the reins of the telecom major to the next generation in the next ten years.”I wish to hand over the reins to the next generation in the next 10 years,” Mittal said in the company’s concall.Mittal was re-appointed as Chairman of Bharti Airtel for another five-year term on Wednesday, with effect from October 1, 2026. The company’s board also approved the re-appointment of…
Mumbai, May 13 (IANS) Bharti Airtel on Wednesday reported a 33.5 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter of FY26 at Rs 7,325 crore, compared to Rs 11,021.8 crore in the corresponding quarter last financial year.Despite the annual decline, the telecom major posted a sequential growth of 10.48 per cent in profit from Rs 6,630 crore recorded in the previous quarter, according to its stock exchange filing.The company’s revenue from operations rose 15.6…
Mumbai, May 11 (IANS) Indian equity markets traded cautiously on Monday, with benchmark indices falling 1 per cent each in early trade after the US and Iran failed to reach an agreement on a peace proposal related to the West Asia conflict.Sensex declined as much as 943 points or 1.22 per cent to hit an intraday low of 76,384 in morning trade, while Nifty fell 280 points or 1.15 per cent to 23,897.Sectorally, all indices traded in the red, with Nifty Consumer Durables, Nifty Auto, Nifty PSU Bank…
Mumbai, May 10 (IANS) Amid a range-bound trend in equities, the combined market valuation of four of the top-10 most valued firms eroded by more than Rs 1 lakh crore last week, with State Bank of India emerging as the biggest laggard.During the week, the benchmark Sensex gained 414.69 points or 0.53 per cent, while the Nifty advanced 178.6 points or 0.74 per cent.Among the top-10 valued companies, Bharti Airtel, State Bank of India (SBI), Tata Consultancy Services (TCS) and Larsen & Toubro (…
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, May 4 (IANS) Indian equity benchmarks opened on a strong note on Monday, with indices gaining 1 per cent each in the morning trade, aided by softer crude oil prices amid indications of easing tensions in West Asia amid early Assembly election trends in key states.Sensex surged as much as 833 points or 1.08 per cent to hit an intraday high of 77,746.79 in early deals, while Nifty touched 24,245.85, up 250 points or 1.03 per cent.On the sectoral front, buying interest was seen across auto,…
Mumbai, May 3 (IANS) The combined market valuation of four of India’s top-10 most valued companies surged by Rs 2.20 lakh crore in a holiday-shortened week, driven largely by a sharp rally in heavy-weight stocks.The benchmark Sensex ended the week on a modestly positive note, gaining 249.29 points or 0.32 per cent.Among the top gainers, telecom major Bharti Airtel posted strong gains, with its valuation rising by Rs 43,503.51 crore to Rs 11,49,222.13 crore.IT giant Tata Consultancy Services (T…
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…