Investors say they are avoiding midcaps based on global economic cues, valuations. While Sensex flirts with technical correction, expensive smaller stocks could have more to lose.
Uttar Pradesh CM Yogi Adityanath, who rang the bell at the BSE in Mumbai during the listing, said the civic body was progressing towards achieving the goal of Aatmanirbhar Bharat.
Barring Hindustan Unilever, all Sensex components ended in the red. Similarly, the NSE Nifty crashed 326.30 points or 2.93 per cent to close at 10,805.55.
Reliance Industries has seen its market value nearly double to more than $200 billion this year after a major push into digital and e-commerce ventures.
Since 29 June, stock has consistently fallen by 5% for 6 consecutive days, triggering lower circuit — levels where trading activity in a stock are suspended following a sharp fall in share prices.
Foreign funds have invested net $2.27 billion in Indian equities so far this month amid the prospect of more government stimulus to spur economic growth.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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