Telecom stocks fell after Mukesh Ambani extended Reliance Jio’s free offers till March 2017. In a volatile trade, benchmark indices pared gains to settle on a lower note after initial rally dragged by telecom, banking and metal indices. India’s GDP, announced yesterday, grew lower than expected in the September quarter at 7.3% also affected the sentiment. Swinging between gains and losses, Sensex rose as much as 143 points during intra-trade before falling over 100 points while ... Rediff.com, 2 months ago
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016, Surabhi Roy/Business Standard reports from Mumbai. Benchmark indices extended losses for six straight trading sessions amid volatility owing to lack of any major domestic as well as global cues. Moreover, the holiday spirit is expected to keep the market muted on account of less volume on the FII counter. The S&P BSE Sensex settled the day at 26,242, down 66 points, while the broader Nity50 closed at 8,061, ...Rediff.com, 2 months ago
Market breadth turned negative with 1,779 declines over 884 advances on the BSE The benchmark indices on Friday settled the day lower as auto makers dropped on sharp decline in monthly sales and stocks of telecom service providers - Bharti Airtel, Idea Cellular, Reliance Communications (RCom) - were hit by worries about intensifying competition with the extension of freebies offered by Reliance Jio (RJio) till March 2017. Sentiment was also muted ahead of the release of the US monthly jobs ...Rediff.com, 2 months ago
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