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MUMBAI: Shares of telecom equipment makers like Dixon Technologies, D-Link India, ITI, Sterling Technologies, Tejas Network and Shyam Telecom surged on Wednesday after the Union Cabinet cleared the Production Linked Incentives (PLIs) programme for the segment in an attempt to boost local manufacturing. The PLI scheme for the sector is worth Rs 12,195 crore over 5 years, which could lead to enhanced production of more than Rs 2.4 lakh crore with exports of around Rs 2 Lakh crore. “A production opportunity of over Rs 2.4 trillion over five years is sizable and most of the telecom equipment ma...

Read more about Sensex extends losses amid global weakness; HDFC twins drag on Business Standard. Equity indices buckled under selling pressure for the second straight session on Wednesday as risk appetite remained subdued amid a bearish trend overseas

URL copied Sensex, Nifty end marginally lower; PowerGrid rallies 6 per cent Equity benchmarks Sensex and Nifty ended marginally lower on Tuesday as investors booked profits at higher levels amid a mixed trend in global markets. After touching a lifetime high of 52,516.76 in opening session, the 30-share BSE Sensex settled 49.96 points or 0.10 per cent lower at 52,104.17. Similarly, the broader NSE Nifty inched 1.25 points or 0.01 per cent lower to 15,313.45. Axis Bank was the top laggard in the Sensex pack, shedding around 2 per cent, followed by ICICI Bank, Nestle India, Infosys, S...

The December quarter earnings, so far, have seen more hits than misses due to a recovery in demand after the opening up of the economy and the significant drop in coronavirus infections.

Post Market views - Feb 16, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities