Page 3 - Lt Tech Services News Today

Investors lose Rs 2.6 lakh crore in 6 hours as bears crush banking stocks SECTIONS Share Synopsis Heavyweights RIL and financials were among the worst hit, as worries over Q3 underperformance put them under pressure. Bears liquidated their long positions ahead of the Budget and F&O expiry. INSIGHTS NSE Explore Now NEW DELHI: Rs 2.62 lakh crore wiped out in a little more than six hours. Or in other words, the market lost a Rolls-Royce Phantom -- the most expensive car available for sale in Ind...

Investors wealthier by Rs 3.42 lakh crore as Sensex clocks best day in 4 months SECTIONS Share Synopsis Valuations of major stocks have cooled off after two days of slump, which attracted investor interest again. Reliance Industries has especially been in the spotlight after months of trading in a range. In the 50-share pack Nifty, Grasim Industries was the biggest gainer, up 3.01 per cent. Tata Motors, L&T, SBI Life Insurance, ONGC, Reliance Industries and Cipla were among other gainers. INSI...

Volatility indicator has also surged significantly, highlighting the nervousness among traders. “A new and faster-transmitting strain of the virus in the UK is an area of concern. This has led to further restrictions on travel and economic activity. Acceleration in the number of cases in the US and poor economic data are other dampeners. However, the US Congress agreement on $900 billion of fiscal stimulus is likely to support markets. High valuation continues to be a concern in India. But t...