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Today Market
Update
HANG SENG -110
NIKKEI +42
SHANGHAI -2.95
DOWJONES +2.82
NASDAQ +1.76
SGX NIFTY +3
Bharti
Airtel slumps on Credit Suisse downgrade
Shares of India's Bharti Airtel slump 3.5 percent after Credit Suisse downgrades the stock
to "underperform" from "neutral" and reduces the target price
to 265 rupees from 275 rupees, citing competition from rival Rel Jio's, a unit
of Reliance Industries.
The stock has 32
"buys", 9 "holds" and 2 "sell" ratings, Thomson
Reuters data shows.
Indian shares snap 4-day rally on profit-taking
Indian shares snapped a
four-day winning streak after hitting all-time highs for the fourth session on
Wednesday as investors booked profits in recent outperformers such as
infrastructure and capital goods stocks.
BSE index falls 0.43 pct;
NSE index down 0.39 pct
Infrastructure, capital
goods stocks fall
Technicals, pharmaceutical
shares gain
The benchmark BSE index
ended 0.43 percent lower at 25,473.89. Earlier, it gained as much as 0.59
percent to a record high of 25,735.87, surpassing the previous high of
25,711.11 hit on Tuesday.
Other Stocks
Update Today-
Shares in Infosys Ltd
gained 3.8 percent in value-buying. The stock has fallen 6.03 percent after the
announcement of the general election results on May 16, as against a 7.5
percent rally in the NSE index.
The IT sub index of the
BSE gained 2.23 percent.
Tata Consultancy Services closed 2.3 percent
higher, while Wipro Ltd closed up 0.5 percent.
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