Market: Gap-down starts on the cards; All eyes on Bharti Airtel, Hero MotoCorp, NHPC – World Affairs SRS

Market: Gap-down starts on the cards; All eyes on Bharti Airtel, Hero MotoCorp, NHPC

– World Affairs SRS

Live Market Updates: Benchmark indices may open lower on Thursday, tracking weak global cues and cues from SGX Nifty futures, which were down over 100 points from the Nifty’s spot level of 17,790 on Wednesday.

Among shares, Bharti Airtel may be in focus as the company’s subsidiary Airtel Africa Plc has received $159 million out of $176.1 million from the sale of its tower assets in Tanzania. The company will receive the balance amount on completion of the transfer of the towers to the buyer, the report said.


Further, Hero MotoCorp may also be kept under eye as Naveen Munjal-led Hero Electric Vehicles moved the Delhi High Court in March 2021 seeking an injunction against the company using the word ‘Hero’ for its upcoming electric vehicle. has turned to.Besides, shares of a dozen recently launched firms may come under pressure as the mandatory one-month lock-in period for anchor investments is coming to an end. Of these 12 companies, five — RateGain, Shriram Properties, Data Patterns, Supriya Lifesciences and CMS Info Systems — had allotted more than 10 per cent outstanding shares to anchor investors.

global signal

US markets fell sharply and Treasury yields jumped on Wednesday after minutes from the FOMC indicated it could raise interest rates sooner than expected and reduce its overall asset holdings to cushion high inflation. can also reduce.

Meanwhile, the Dow Jones shed 1 per cent, the S&P 500 index 2 per cent and the Nasdaq 3 per cent.

Similarly, this morning there was a sea of ​​red in the whole of Asia. Japan’s Nikkei was down 1.5 per cent. The Kospi and Taiwan lost 0.8 per cent, while the Straits Times lost 0.5 per cent.

                                                    </div><div style="background: #fee8dd; padding: 12px; border: dashed 1px black; margin-bottom: 20px;">

Dear reader,

Business Standard has always worked hard to provide updated information and commentary on events that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only reinforced our resolve and commitment to these ideals. Even during these difficult times arising out of COVID-19, we are committed to keeping you informed and updated with relevant news, authoritative views and scathing comments on relevant relevant issues.
However, we have a request.

As we grapple with the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. Subscribing to more of our online content can only help us achieve our goals of providing you with better and more relevant content. We believe in independent, unbiased and credible journalism. Your support through more subscriptions can help us practice the journalism we’re committed to.

support quality journalism and Subscribe to Business Standard,

digital editor

,

—-*Disclaimer*—–

this is an unedited and auto-generated supporting article of the syndicated news feed are actualy credit for owners of origin centers. intended only to inform and update you about Sakari naukri , result , UPSC , Exam Jobs etc. for Provides real or authentic news. also Original content may not have been modified or edited by Rojgar samachar team members.

Leave a Reply