Stock Market LIVE: IndiGo's Current Troubles Don't Derail Upside, Says Citi Backing Further Gains
IndiGo’s management has attributed its recent operational turmoil to a confluence of unexpected challenges, including minor technology glitches, winter-related schedule changes, adverse weather, increased congestion, and the implementation of updated crew rostering rules under the new Flight Duty Time Limitations norms effective Nov. 1.
Also Read: IndiGo's Current Troubles Don't Derail Upside, Says Citi Backing Further Gains — Check Target Price
Stock Market LIVE: ITC Hotels Stock In Focus As BAT Set To Offload Rs 3,000-Crore Worth Shares
Shares of ITC Hotels Ltd. will be in focus on Friday, as British American Tobacco Plc. is set to offload shares worth nearly Rs 3,000 crore in ITC Hotels Ltd. via large deals. The company will sell shares at a floor price of Rs 205.65 in the secondary market, according to a termsheet.
Asia Markets LIVE: Consolidate As Traders Brace For US Inflation Data
Markets across Asia consolidated on Friday morning as market participants braced for US Personal Consumption Expenditure data, scheduled to be released on Friday.
Japan's benchmark index, the Nikkei 225 declined 1.38% as of 7:03 a.m. South Korea's KOSPI and Australia's S&P ASX 200 were 0.08% and 0.65% higher, respectively as of 7:03 a.m.
LIVE: GIFT Nifty Implies Muted Open; HUL, Tata Capital, Railtel Corp Shares In Focus
The GIFT Nifty was trading trading flat at 26,189 as of 6:30 a.m., which implies a muted open for the NSE Nifty 50 index. Market participants will be monitoring outcome of the Reserve Bank of India's Monetary Policy Committee.
Hindustan Unilever Ltd., Tata Capital Ltd., Railtel Corp of India, and HCLTech Ltd. shares will be in focus.
The Nifty closed above the 26,000 mark, snapping its four-day losing streak. The index saw an uptick of 0.18% or 47.75 points to 26,033.75. The Nifty consolidated in the 250-point range
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