Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 started the holiday-truncated week on a negative note, amid weakness across most other Asian markets as investors remained cautious on newsflow on the Russia-Ukraine conflict.
The pact is based on the condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear Vi’s outstanding dues.
According to the brokerage, auto financiers can gain from improving loan growth and easing asset quality pressures.
“We saw the way they have kind of furthered their interest in their own efforts at getting into the biologics space, and with quite a bit of success and this inorganic thrust now is probably coming from the fact that they have some sort of assurance that they will have adequate liquidity support…
On Sunday, Biocon said its subsidiary Biocon Biologics’ had entered into a definitive agreement with Viatris to acquire the US-based company’s biosimilars business.
Diwan also believes Biocon could start to get into “a different scale and presence”, though at this point, he would still wait and watch.
Brian Jacobsen of Allspring Global Investments tells CNBC-TV18 that Russia, in his view, will probably have to sell gold to raise funds as it has around 2,000 tonnes of gold.
Future Group stocks jump after Reliance Industries steps in to rescue Future Retail.
Events of the last one week actually triggered a very big anticipation of inflation raising its ugly head and if that were to be the case, it’s going to be bad for all asset classes for most of the markets and you are bracing for that,” he says.
“I would believe you will start seeing some value buying coming in commodity-led stocks, sectors, and then that’s something which you could probably have a place to hide of sorts in the current scenario till the things stabilise over the next few months.
For India’s IT services giants, a listing on the US markets has always been a significant milestone, writes Sundeep Khanna.
Rain Industries reports a net loss of Rs 96.9 crore for the quarter ended December, as against a net profit of Rs 306.9 crore for the corresponding period a year ago.
The Sensex falls as much as 1,025 points or 1.8 percent to 54,833.5, extending losses after a weak start.