Wednesday, December 2

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Nifty, Sensex fall as rising virus cases add to global worries
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Nifty, Sensex fall as rising virus cases add to global worries

By Administrator_India Capital Sands Indian shares fell on Monday as a rise in domestic coronavirus cases and worries over a second wave of infections in China sapped investors’ appetite for riskier assets. As of Sunday, COVID-19 cases in India had surged well past 320,900 and deaths neared 9,200. India is the fourth-worst affected country in the world. Beijing also recorded dozens of new cases in recent days, all linked to a major wholesale food market, raising concerns about a resurgence of the disease. The NSE Nifty 50 index .NSEI fell 0.83% to 9,887.55 by 0346 GMT, while the benchmark S&P BSE Sensex .BSESN was down 0.86% at 33,484.17. India’s government said on Sunday it would provide New Delhi’s city authorities with 500 railway coaches that will be equipped to c...
Bharti Airtel shares rise 10%; data demand, tariff hikes help
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Bharti Airtel shares rise 10%; data demand, tariff hikes help

By Administrator_India Capital Sands Shares of Bharti Airtel Ltd. surged 10% to a record high on Tuesday, as customers upgraded their data and calling plans and the Indian telecom operator raised mobile tariffs, helping boost average revenue per user. The company’s average revenue per user, a key metric for the telecom sector, rose 25% to 154 rupees at its India mobile services business during the quarter ended March 31. Airtel said it added 12.5 million 4G subscribers in the March quarter. Indian telcos raised calling and data plan prices in the last few months after the country’s Supreme Court upheld a demand by the telecoms department that wireless carriers pay 920 billion Indian rupees ($12.11 billion) in overdue levies and interest. New-Delhi based Airtel said on Mon...