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Markets likely to consolidate; Maruti, L&T Infotech in focus
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Indian stocks fell for the second straight day on Monday, extending Friday’s decline. REUTERS/Kham/File Photo
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Indian stock markets are likely to consolidate on Tuesday while trends in SGX Nifty suggest a positive opening of domesticbenchmark indices. On Monday, the BSE Sensex closed at 48,564.27, down 470.40 points or 0.96%. The Nifty ended at 14,281.30, down 152.40 points or 1.06%.
Asian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed China’s economy was one of the few in the world to grow over 2020 and actually picked up speed as the year closed.
India: Apollo Hospitals launches $136m QIP; scouts for acquisitions
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Eyeing inorganic growth, debt reduction and investment in building digital capabilities, India’s largest private hospital chain Apollo Hospitals Enterprise Ltd on Monday launched a so-called qualified institutional placement (QIP) offering, to raise as much as Rs1,000 crore by selling shares to institutional investors.
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