Domestic markets began the week on a subdued note and ended nearly flat, pausing after Friday’s decline. In today’s trade, shares of Infosys, Dixon Tech, AstraZeneca Pharma, HAL, GMR Airports among others will be in focus due to various news developments.InfosysThe Securities and Exchange Board of India (Sebi) on Monday lifted restrictions placed on employees … Read more
GMR Airports Infrastructure will acquire a 10% minority stake in Delhi International Airport Limited (DIAL) from Fraport AG Frankfurt Airport Services Worldwide for an aggregate consideration of $126 million. DIAL is a subsidiary of GMR Airports and the latter currently holds 64% stake in the company. Erstwhile known as GMR Infrastructure Limited (GIL), the company … Read more
Nifty is facing downward pressure, and a drop below 21,950 is expected to initiate a sell-off towards 21,770, said technical analysts. However, the FII long-short ratio in the index futures stood at around 32%, suggesting that the markets might be nearing oversold territory. Analysts said if the Nifty closes above 22,150, it could present a … Read more
