Initial claims for state unemployment benefits rose to 211,000 for week ended March 4 from 190,000 the previous week, revealed data
Initial claims for state unemployment benefits rose to 211,000 for week ended March 4 from 190,000 the previous week, revealed data
​Communications, consumer cyclicals, and IT had a very bad year >> For more such web stories click on the ET icon below​
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"Power Grid Corporation of India Ltd has been declared as successful bidder under tariff based competitive bidding to establish inter-state transmission system for Transmission System Strengthening Scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part-E' on build, own, operate and maintain (BOOM) basis."
In the Nifty pack, 13 stocks closed in the green, while 37 stocks ended in the red.
The 30-share BSE Sensex closed down 541.81 points at 59806.28
The 30-share BSE Sensex closed down 541.81 points at 59806.28
The brokerage further said that the merge-co will receive a cash infusion of Rs 70/share, implying that the stock is trading at 11x FY24E merge-co adjusted EPS (ex-cash). These trough valuations are ignoring the strengths of the merge-co, in our view, it said.
The daily momentum indicator made a positive crossover. Chart readers said today’s fall might appear aggravated on account of weekly expiry. Overall, the range of consolidation is likely to be 17500 – 17925 from a short-term perspective.