Sensex and Nifty rose on Tuesday led by heavyweights HCL Tech, HDFC and Reliance. Asian and European markets mixed Tuesday in cautious trade as investors grew increasingly concerned about the Federal Reserve’s plans to wind back its financial support measures and lift interest rates within months. Traders are awaiting US December consumer inflation data due to be released on Wednesday.
UK PM Johnson under fire over ‘bring your own booze’ lockdown party: Reuters
Centre gets 6th extension to frame rules for Citizenship Act
Ministry of Home Affairs (MHA) has been granted extension for the sixth time from the Parliamentary Committees on Subordinate Legislation in the Rajya Sabha and the Lok Sabha to frame the rules for the controversial Citizenship (Amendment) Act (CAA), 2019, said sources. (ANI)
Indian Airport Bonds Drop to 3-Month Lows on Airline Cutbacks
The bonds of Indian airport operators dropped to their lowest since October, as a surge in Covid-19 cases dents demand for air travel.
The 6.45% 2029 note issued by Delhi International Airport declined to its lowest level since Oct. 12 on Tuesday, while a 4.75% 2026 issue of GMR Hyderabad International Airport fell to its least since Oct. 14.
Both Vistara, a joint venture between Tata Sons and Singapore Airlines, and Indigo, the country’s biggest budget carrier, have cut capacity in response to a surging case load and travel restrictions.
India’s federal government has also announced a tighter quarantine regime for international travelers. (Bloomberg)
Global markets mixed
Asian and European markets mixed Tuesday in cautious trade as investors grew increasingly concerned about the Federal Reserve’s plans to wind back its financial support measures and lift interest rates within months.
Tokyo’s Nikkei 225 fell 0.9%, Hong Kong’s- Hang Seng ended flat, and Shanghai’s Composite ended 0.7% lower. London’s FTSE rose 0.6%, Frankfurt’s DAX index and Paris CAC 40 added 1.1%
SC reserves Future Group plea on allowing it to go ahead with RIL deal
“We should be allowed to secure shareholder approval, seek nod from CCI, NCLT,” says Future Group To SC
Indian economy to see 9.5% growth this fiscal: Arvind Virmani
The Indian economy is likely to register a growth of 9.5% in this financial year, former…
Read More: Sensex up 150 points; Nifty above 18000; IT, realty gain