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13
March 2018
I had
mentioned in Monday’s closing report that Nifty, Sensex were headed for more
gains. The major indices of the Indian stock markets went up in the morning
session and then gave up most of its gains and ended flat compared to Monday’s
close. On the NSE, there were 1,062 advances, 452 declines and 63 unchanged.
The trends of the major indices in the course Tuesday’s trading are given in
the table below: The Total Investment
& Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
A
sudden sell-off in stocks of IT (information technology) majors like Tata
Consultancy Services (TCS) and Infosys pulled the BSE Sensex index lower by
over 180 points during the afternoon trade session on Tuesday. According to
market observers, TCS scrip plunged over 5% on announcements of block deals on
both the BSE and National Stock Exchange (NSE). Yesterday Tata Sons sold $1.25
billion of its stake in the company.
Earlier
during the day, macro-economic data, along with buying in banking, consumer durables,
oil and gas and healthcare stocks had lifted the key Indian equity indices. The
BSE Sensex reclaimed the 34,000-mark in the course.
Bharti
Airtel on Tuesday said Singapore Telecommunications Ltd (Singtel) has invested
Rs2,649 crore in Bharti Telecom, the promoter company of Airtel. As per the
deal, shares have been allotted to Singapore International Investments Private
Ltd, an affiliate of Singtel, Bharti Airtel said in regulatory filing to the
BSE. This transaction concludes the investment process that Bharti Airtel had
announced on February 5. With this investment, "Singtel's total stake
(along with its affiliates) in Bharti Telecom has increased to 48.90%,"
the filing said, adding that, Bharti Enterprises continues to hold over 50% stake
in the company. Previously, Singtel held 47.17% in Bharti Telecom. This
investment comes after two years of Singtel's participation in Bharti Telecom's
Right Issue of Rs2,500 crore, which was completed in February 2016. Bharti
Airtel shares closed at Rs427.90, up 1.70% on the BSE. The Total Investment & Insurance Solutions
A
day after the Directorate General of Civil Aviation (DGCA) directed the
grounding of 11 A320neo aircraft, budget carrier Indigo cancelled 47 flights on
various routes, according to the information available on the airline's
website, while GoAir had to cancel some flights originating out of eight
centres. While accepting that there were cancellations of flights, the company
said that passengers were given the option to either choose another flight at
no additional cost or cancel their booking and get a full refund. In an
official statement on Tuesday, the airline said: "IndiGo has cancelled
certain flights due to the grounding of our aircraft further to the DGCA
directions which has been issued in the interest of safety. While we understand
that this may cause inconvenience to some of our passengers, given that we have
multiple flights to the same destination, we are proactively re-accommodating
all our affected passengers on other flights." Inter Globe Aviation shares
closed at Rs1,301.60, up 1.98% on the NSE. The
Total Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
The
closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
 |
Asian Indices (The Total
Investment & Insurance Solutions)
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