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…
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Mumbai, April 26 (IANS) The combined market valuation of seven of India’s top-10 most valued companies eroded by over Rs 2 lakh crore last week, with Reliance Industries and Tata Consultancy Services (TCS) emerging as the biggest laggards.The downturn came in line with a bearish trend on Dalal Street, where the Sensex plunged 1,829.33 points, or 2.33 per cent, while the Nifty declined 455.6 points, or 1.87 per cent during the week.Market sentiment remained under pressure after two consecutive …
New Delhi, April 19 (IANS) The combined market valuation of eight of India’s top-10 most valued companies surged by Rs 1.87 lakh crore in a holiday-shortened week.The positive momentum in the broader market saw the Sensex rise by 943.29 points, or 1.21 per cent, while the Nifty advanced 302.95 points, or 1.25 per cent, during the week.Among individual stocks, Bharti Airtel recorded the sharpest increase in valuation, adding Rs 58,831.52 crore to take its total market capitalisation to Rs 11,25…
Mumbai, April 17 (IANS) Domestic equity benchmarks opened on a flat note on Friday, but gained afterwards, after relief in global oil prices and US President Donald Trump’s ceasefire announcement between Israel and Lebanon.Sensex opened at 77,976, down 12 points, or 0.02 per cent, while Nifty began the session up 30 points, or 0.13 per cent, at 24,165.The indices traded mildly positive further, with the 30-scrip basket gaining 142 points or 0.18 per cent to 78,130 and the 50-share index adding 2…
Mumbai, April 15 (IANS) Shares of Indus Towers came under pressure after Jefferies downgraded the stock to ‘Underperform’ from ‘Buy’ and slashed its target price, citing rising risks to growth, cash flows and valuations.The brokerage has cut its target price on Indus Towers to Rs 375 from Rs 530 — implying a downside of about 14 per cent from current levels.It said the downgrade reflects near-term uncertainties and structural pressures that could limit upside in the stock despite a stab…
Mumbai, April 12 (IANS) Indian equity markets witnessed a sharp rally last week, lifting the combined market valuation of eight out of the top-10 most valued companies by a massive Rs 4,13,003.23 crore.The gain was led by strong gains in banking heavyweights HDFC Bank and ICICI Bank.The upbeat sentiment in the market was reflected in benchmark indices, with the Sensex surging 4,230.7 points or 5.77 per cent, while the Nifty climbed 1,337.5 points or 5.88 per cent during the week.According to Aji…
New Delhi, April 2 (IANS) Bharti Airtel on Thursday announced that it has reached a major milestone of 650 million customers globally, making it the second-largest telecom operator in the world by subscriber base.The telecom company, led by Sunil Bharti Mittal, has built a strong presence across India and Africa. In India alone, Airtel has over 368 million mobile users, , according to data from GSMA Intelligence.This includes 13 million homes connected through fixed broadband and 15 million cust…
Mumbai, March 29 (IANS) The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 ra…
Mumbai, March 27 (IANS) Indian stock markets ended sharply lower on Friday, snapping a two-day winning streak, as uncertainty around ongoing talks between the United States, Israel and Iran unsettled investor sentiment.The benchmark indices saw heavy selling pressure throughout the session. The Nifty fell 2.09 per cent, or 486.85 points, to close at 22,819.60. Similarly, the Sensex dropped 2.25 per cent, or 1,690.25 points, to settle at 73,583.22.Commenting on Nifty outlook, experts said that te…
New Delhi, March 25 (IANS) Major telecom firm Bharti Airtel on Wednesday said that its founder and Chairman Sunil Bharti Mittal will step down as Chairman of Airtel Africa at the conclusion of the company’s annual general meeting (AGM) in July 2026.The telecom company also announced that Gopal Vittal will be appointed as Non-Executive Chairman of Airtel Africa with effect from the same date.Mittal has served as Chairman of Airtel Africa since its listing in 2019, and the Board acknowledged his…