Page 19 - Wright Research News Today

NSE International Exchange (NSE IFSC), which is a wholly-owned subsidiary of the National Stock Exchange (NSE), had announced trading in US stocks which will be facilitated through the NSE IFSC platform.

The stock has been gaining for the last two trading sessions.

The rate remained unchanged for the tenth time in a row. Also, the RBI kept the reverse repo rate unchanged at 3.35 per cent.

P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.

Investment via P-notes rises to Rs 95,501 cr till December

The shares came under pressure after the global brokerage firm Macquarie slashed its target price for the stock by 25 percent to Rs 900 from the Rs 1,200 earlier.

Ahead of the Union Budget 2022, experts are bullish on some sectors and stocks which are expected to outperform going forward.

Of late, the shares have been under tremendous selling pressure. The stock hit its all-time low of Rs 995 on Friday.

Once Vodafone Idea stabilises its financial position, the government intends to sell off its majority stake, according to a report.

The Indian government will now be a stakeholder to the tune of 35.8 percent in India’s third-largest telecom company - Vodafone Idea.