India’s stock benchmarks declined, dragged by losses in information technology, banking, metal and consumer durables stocks after Federal Reserve Chair Jerome Powell signalled a March interest-rate liftoff and the hinted at the possibility of hikes at each policy meeting.
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Budget 2022 Expectations For Key Sectors From Top Brokerages
Budget 2022 Expectations: From fiscal consolidation path to bond and asset sales, analysts say budget proposals will impact market volatility amid domestic and global uncertainties.
Hindustan Aeronautics Receives Rs 109.58 Crore Income Tax Refund
Shares of Hindustan Aeronautics Ltd. rose as much as 5.67%, the biggest intraday gain in over three months, to Rs 1,438 apiece, after the company received an income tax refund of Rs 109.58 crore (including an interest of Rs 25.96 crore) for the Assessment Year 2007-08(Financial year 2006-07).
Maruti Suzuki Jumps Over 4% On Q3 Beat
Shares of Maruti Suzuki India Ltd. rose over 4.4% in intraday trade to Rs 8,408.95 apiece after the company reported net income for the third quarter that beat the average analyst estimate.
Sterlite Technologies Bags Rs 170 Crore Order From Power Grid
Shares of Sterlite Technologies Ltd. rose over 3%, the most in four weeks, to Rs 206.7 apiece after the company secured a Rs 170 crore order from the country’s largest power distribution company, Power Grid Corporation of India Ltd.
BPCL To Invest Rs 10,000 Crore In Six New Geographical Areas For City Gas Distribution
Shares of Bharat Petroleum Corporation Ltd. (BPCL) rose nearly 2%, the biggest intraday gain in nearly two weeks, to Rs 368 apiece after the company emerged as a successful bidder in six geographical areas (GA) in 19 districts, to set up City Gas Distribution (CGD) networks in the recently concluding 11th bidding round of PNGRB.
Bharti Airtel Ltd Surges The Most In Two Weeks
Shares of Bharti Airtel Ltd. surged nearly 3%, the most since Jan. 12, after the company said it will consider issuing shares on a preferential basis at its board meeting on Jan. 28.