INSUBCONTINENT EXCLUSIVE:
Anil Ambani-promoted companies surged after he paid Ericsson a day before a top court deadline.Domestic equity benchmarks edged higher led
by gains in banking heavyweights Reliance Industries, HDFC Bank, Infosys, HDFC, ITC and State Bank Of India
However, the gains were capped as auto stocks like Eicher Motorts, Hero MotoCorp, Bajaj Auto, Maruti Suzuki and Tata Motors came under
As of 9:19 am, the NSE Nifty 50 Index traded 0.18 per cent or 21 points higher at 11,483 and the SP BSE Sensex advanced 0.1 per cent or 38
points higher to 38,098.34.Meanwhile, Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve policy meeting, but were
broadly supported near six-month highs on expectations the central bank might strike a dovish tone, while fresh Brexit worries dogged the
pound.MSCI's broadest index of Asia-Pacific shares outside Japan was flat, easing back from its highest level since Sept
21 hit earlier in the session.Back home, shares of the Anil Ambani-promoted companies like Reliance Communications, Reliance Power, Reliance
Infrastructure, Reliance Capital and Reliance Naval surged after Anil Ambani avoided jail by paying back Swedish telecom giant Ericsson a
day before a Supreme Court deadline
The industrialist profusely thanked elder brother and India's richest man Mukesh Ambani for his "timely support".Thirteen of 19 sector
gauges compiled by BSE were trading higher led by the SP BSE Healthcare Index's 0.9 per cent gain
Select energy, FMCG and telecom shares were also witnessing buying interest
On the flipside, SP BSE Auto Index was top loser, down 0.79 per cent
Capital goods, metal and power indexes were also trading on a subdued note.Mid- and small-cap shares were broadly outperforming their larger
peers as the SP BSE MidCap and SP BSE SmallCap Indexes advanced 0.3 per cent each.Sun Pharma, GAIL India, ONGC, Bharti Airtel, Indian Oil
and Grasim Industries were among top gainers in the Nifty 50 basket of shares
While, Eicher Motors, Hero MotoCorp, Bajaj Auto, JSW Steel, Larsen Toubro and Adani Ports were among the losers.(With agency inputs)Get the
latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
