Indian Shares Updates on Today's Market
For news on Indian Sock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.
The S&P BSE Sensex made a smart recovery from early morning losses to gain over 100 points on Friday, led by gains in Infosys, HDFC Bank, Sun Pharma and Lupin.The Nifty50 was trading above its support level of 7,850, supported by gains in power, consumer durable, capital goods, and banking stocks.
Idea Cellular down as much as 4.1 pct.India's 3rd largest telecom company posts a near 39 pct fall in March-quarter profit.Voice traffic growth of 9 pct y-o-y and data traffic growth of 51 pct y-o-y, both missed estimates, according to CLSA.Idea, along with Bharti Airtel and Vodafone's India unit have been heavily spending on ramping up 4G networks in anticipation of Reliance Industries 4G telecom service launch later this year.
Major Headlines of the day:
ReplyDelete• SBI to launch up to $2.3 bn share sale this week
• DLF's FY18 rental income to rise 12% at Rs 2,900 cr on better realisations
• Amtek reports loss of Rs 2,533 crore in FY17
• Zydus' Nesher Pharma gets US FDA nod for antifungal drug.capitalstars