Domestic equity market benchmarks BSE Sensex and Nifty 50 started to gap up on Tuesday, as the SGX Nifty trend in early trade suggested. Nifty futures were down 68.50 points, or 0.4%, at 17,979 on the Singapore Exchange. In the previous session, the BSE Sensex closed up more than 650 points or 1.10% at 60,395, while the Nifty closed 197 points or 1.1% higher at 18,009. Analysts said that the market continued to rise after a small decline, and the upward momentum seems to be returning to the market. “The next upside level to watch is around 18200/18350, which could be within a week. Immediate support is at the 17870 level,” said Nagaraj Sheti, technical research analyst at HDFC Securities.
Amazon has filed with the Supreme Court against a Delhi High Court order that stayed the e-commerce giant’s arbitration proceedings in a Singapore court against Future Retail.
The adjusted gross revenue (AGR) of the telecom sector rose 4.24% month-on-month to Rs 53,510 crore in the July-September 2021 period. Data released by the Telecommunications Regulatory Authority of India (Trai) showed that all private telcos (Bharti Airtel, Reliance Jio and Vodafone Idea) saw an increase in access service or mobile service AGR during the period, while state-run BSNL’s access service Or mobile services AGR declined.
Paytm: Digital payments company Paytm reported Monday that loan disbursements on its platform more than quadrupled in volume and value in the quarter ended December 31, 2021.
RailTel India: RailTel India has declared an interim dividend of 17.5% of the paid-in share capital for the 2021-22 financial year. The central government public sector unit under the Ministry of Railways said the total payment of dividends was around Rs 560 crore.
Complete News Source : FINANCIAL EXPRESS
