Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
The development came amid escalating tensions in the Middle East and a substantial surge in the US bond yields.
With the announcement of Q4 results on Thursday, Infosys has declared a final dividend of Rs 20 and a special dividend of Rs 8, i.e. a total dividend of Rs 28 to its shareholders.
The price of Brent crude had fallen to around $87 per barrel on Wednesday following higher US inventories and the decline in Chinese demand due to a slowing economy.
IT services management company Happiest Minds Technologies on Friday said it is acquiring Macmillan Learning India which will become a wholly-owned subsidiary of the company.
Earlier, while sharing the CII suggestions for a robust recovery, CII President T.V. Narendran said that for growth to take deep roots, sustained demand is critical, and the immediate source of demand has to be government expenditure.
The top gainers on the Sensex were TCS, HCL Technologies, and Nestle India, while the major losers were Titan Company, Bajaj Finserv, and Sun Pharmaceuticals.
The company said that in line with the brand's philosophy of ‘Stop at Nothing', this is yet another step from TECNO that not only reinstates the company's commitment to providing a seamless retail experience but also strengthens the brand's connection with its target audience.
In recent months, Sebi has ordered a forensic audit of certain companies. In October 2020, Sebi asked listed companies to make disclosures
Earlier this year, it launched IKEA shopping app and has extended it to several cities as part of its omni-channel expansion.