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Indian Stock Market Updates for today

Discussion in 'Indian Stocks' started by deepaksahu, Jun 23, 2015.

  1. deepaksahu

    deepaksahu New Member

    Jul 25, 2014
    Likes Received:
    Sensex firm, Nifty inches towards 8400; L&T, ONGC rally Larsen and Toubro gained 1.5 percent as media report suggested that engineering major is set to list infotech arm to raise Rs 1,600-1,800 crore. Over the past four months, this year as well as its mid June low at 7,950. Get ready for a new lifetime high in 2015". "There have been signs of some pick-up in the recovery cycle, the government has taken steps on infrastructure financing, bank balance sheets are being restructured. All these should show up in the September or December quarters.

    About 1035 shares have advanced, 409 shares declined, and 102 shares are unchanged. Coal India and Bharti Airtel are up above 2 percent. Hindalco, L&T and SBI are other gainers in the Sensex. Infosys is down 1.5 percent. 9:40 am Buzzing: Shares of Bharti Airtel jumped 2 percent intraday on Tuesday. Japan's SoftBank Corp announced investment of USD 20 billion in setting up solar power projects in India in partnership with telecom giant Bharti Enterprises and Taiwan's Foxconn. The Japan headquartered telecommunications and Internet major, which had previously committed to invest USD 10 billion in India over a decade, said the three firms will set up 20 gigawatts of renewable energy projects in India. SoftBank will hold majority stake in the joint venture, SBG Cleantech Ltd, while Bharti Enterprises Ltd and Foxconn Technology Group will have minority stakes

    Read more: Stock Market Tips

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