Sunday, December 22, 2024 | 07:45 PM ISTEN Hindi

MARKET WRAP: Indices end flat, Sensex slips 66 pts; Bharti Airtel falls 8%

All that happened in the markets today

SI Reporter New Delhi

MARKET LIVE: MARKETS, Sensex, Nifty, BSE, NSE, sgx nifty, tata motors, tcs

In the broader market, the S&P BSE MidCap index fell 0.33 per cent to 14,238 levels.

8:51 AM

Dow Jones Futures up 60 pts

8:45 AM

BROKERAGE VIEW :: Kotak Institutional Equities on RIL

CMP: Rs 2,211 | Fair value: Rs 2,150 | Reco: Add

Jio’s aggression in the telecom sector seems to be back post RIL’s significant capital raise, perhaps with an endeavor to fill the gaps in FTTH, postpaid and low-end prepaid customer segments. We anticipate a possible aggressive push in the retail business as well under JioMart in the upcoming festive season as RIL may seek to enhance its competitive positioning. We will watch out for acceleration in addition to Jio’s subscriber base as well as JioMart’s order fulfillment/revenues in the medium term, as both of these are crucial to strengthen RIL’s digital ecosystem offering.

8:40 AM

'Support for Nifty is seen at 10,882'

Rallies should be utilized to Exit trading longs

Nifty fell for the fourth consecutive day to close at 11,174. In these four sessions, many stocks have witnessed huge selling and turned oversold on the short term charts. IT and Pharma sector helped the Nifty a lot to limit the losses. Nifty has violated the support of its 50 days EMA. The trend would be considered bearish unless Nifty closes above 11,450. Support for the Nifty is seen at 10,882. READ MORE

8:36 AM

Henry Kravis, Co-Founder and Co-CEO of KKR on RRVL-KKR deal

Reliance Retail's new commerce platform is filling an important need for both consumers and small businesses as more Indian consumers move to shopping online and the company offers tools for Kiranas to be a critical part of the value chain. We are thrilled to support Reliance Retail in its mission to become India’s leading omnichannel retailer and ultimately to build a more inclusive Indian retail economy

8:36 AM

Mukesh Ambani on Reliance-Retail-KKR deal

KKR has a proven track record of being a valuable partner to industry-leading franchises and has been committed to India for many years. We look forward to working with KKR’s global platform, industry knowledge and operational expertise across our digital services and retail businesses.

8:34 AM