As compared to yesrdays market, nifty and sensex goes up. Tuesday’s session there was outcry in the Indian market. Sensex up 850 points broken, the Nifty has come close to 8100. In yesterday’s trading session taken a market and investors were nervous. Sensex closed 850 points, breaking up, then 8100 came close to Google. What next after the shock began to market conditions can be strongly.
The market’s decline yesterday was really putting surprise. May now be quite risky investments in the IT sector. Looking at the current economic situation in the third quarter Infosys is not expected to be good. The Nifty was at 8142 up 15 points or 0.18 per cent. It touched a high of 8150.65 and a low of 8098.00 in trade today.
SBI: State Bank of India has initiated a proposal to acquire UTI Mutual Fund and merge it with its asset management arm SBI Mutual Fund, three people familiar with the state-run banking behemoth’s plans have told ET.
At 11.30 a.m.; the stock was trading-0.33 percent higher at Rs 299
Adani Power & Lanco InfratechBSE 0.17 % Ltd: Five months after the formal announcement, Adani Power’s Rs 6,000-crore acquisition of Lanco Infratech’s 1200-m.
At 11.45a.m.; Adani Power was trading -1.02 per cent lower at Rs 43.65 and Lanco Infratech was up 1.7 per cent to Rs 5.94.
Maruti Suzuki Ltd: The country’s largest carmaker Maruti Suzuki IndiaBSE 0.26 % hiked prices of its vehicles by up to Rs 31,600 following the expiry of excise duty concessions extended to the auto sector.
At 11.45 a.m.; the stock was trading 0.13 percent higher at Rs 3400.00
Tata Motors Ltd: Stocks was trading -1.75 percent lower at 492.80