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Sensex trades flat; media stocks rally: Key factors

Updated at : 2021-09-22 10:20:01

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Broader market indices were trading higher, outperforming their headline peers in morning trade. Nifty Smallcap was up 0.67 per cent while Nifty Midcap advanced 0.71 per cent. Broadest index on NSE, Nifty 500 was up 0.24 per cent.

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Indus Towers Ltd. key Products/Revenue Segments include Income from Infrastructure Activity for the year ending 31-Mar-2021.

Barring the US dollar pegged Tether, nine out of top 10 cryptocurrencies were trading lower at 9.30 hours IST. Solana shed more than 6 per cent, whereas Polkadot tanked 5 per cent. Ethereum declined 4 per cent.

“The markets are pricing in tightening by around March 2023. If we do see a shift towards earlier tightening and if the dot plots shown earlier shift, one could see a hawkish reaction in markets.”

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Following the approval, shares of Zee Entertainment hit the 15 per cent upper circuit limit at Rs 294. Zee Media rallied 4.92 per cent to Rs 12.36 while Zee Learn jumped 16 per cent to Rs 16.15.

Ashok Leyland shares rise 2.21% as Nifty gains

Updated at : 2021-09-22 10:20:01

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The stock quoted a 52-week high price of Rs 143.25 and a 52-week low of Rs 66.85.

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Sources said that the deal with Tata - Airbus is likely to be signed on Thursday, two weeks after it was given a go ahead by the Cabinet Committee on Security. The signing is likely to include top officials from Tata and Airbus besides the ministry of defence.

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Based on the existing estimated equity values of ZEE and SPN, the indicative merger ratio would have been 61.25% in favour of ZEE.

HCL Technologies wins multi-year deal from Lendico

Updated at : 2021-09-22 08:20:01

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HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management.

State-owned fossil fuel giant CIL has applied too; as have American firms First Solar and CubicPV. ET has seen a copy of the bid document released by the Indian Renewable Development Agency (IREDA), the financing arm of the Ministry of New and Renewable Energy (MNRE).

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