India’s stock benchmarks recovered from day’s low, but still traded with losses, dragged by losses in information technology, banks, consumer durables, metals and healthcare stocks. The S&P BSE Sensex and NSE Nifty 50 look on course to log the worst week in nearly two months.
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Mid-Day Market Update: Sensex, Nifty Fall; Banking Stocks Lead Decline
India’s stock benchmarks declined, dragged by losses in banking and telecom stocks, amid a fall in global equities after Federal Reserve officials hinted at aggressive steps to tackle surge in inflation.
Vedanta Promoter Group Firms Entered Three Facilities To Borrow $800 Million
Vedanta Promoter Group Firms Entered Three Facilities: Twin Star Holdings Ltd., Vedanta Netherlands Investments B.V. and Vedanta Resources Ltd. signed three separate facility agreements on Nov. 22 to borrow a total of $800 million, according to an exchange filing.
Thermax Reports Sequential Growth In Net Income In Q2; Shares Climb 12%
Shares of Thermax Ltd. rose nearly 10% in intraday trade, the most in over seven months, to Rs 1,499 apiece after the company reported sequential growth in net profit and revenue in the second quarter, post market hours Wednesday.
Tata Motors Climbs Despite Posting Loss In Q2 As Analysts Expect A Rebound In India Business
Shares of Tata Motors Ltd. rose 5% to Rs 510 apiece after the company reported its September quarter earnings post market hours Monday.