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Market Movers: Banks soar on short squeeze; 64 stocks blink buy SECTIONS Share Synopsis In the broader market, the gains were milder as Nifty Midcap 100 and Nifty Smallcap 100 ended 1 per cent and 0.9 per cent higher, respectively. Shutterstock.com The Nifty50 index ended 1.9 per cent, or 274.20 points, higher at 14,982, while Sensex closed at 50,781.69, up 2.1 per cent or 1,030.3 points. Related MUMBAI: A chaotic day on the bourses ended with a sharp rally in extended trading hours as traders rushed to cover their short positions in the market ahead of the expiry of the February derivative s...

Bidders Take a Flyer on Debt-Ridden Air India Bidders Take a Flyer on Debt-Ridden Air India Comments Off on Bidders Take a Flyer on Debt-Ridden Air India TAMIL NADU — A number of bidders — including the original owner — are vying to breathe new life into debt-ridden Air India. Over the years, the government-owned national carrier has accumulated debt of over INR 58,000 ($7.8 billion). In addition to selling 100 percent stake in the stressed airline, the government is also unloading Air India Express as well as a 50 percent stake in Air India’s cargo and baggage handling service. Now, ...