News for GTL Infrastructure Limited (GTLINFRA.BO)

BSNL: But they are up against two of the world’s largest tower companies – Indus Towers and Brookfield-backed Data Infrastructure Trust. In addition, they face challenges around erecting new towers in densely populated metros, right of way (RoW) issues and high associated costs, industry insiders said.

New companies are entering India's telecom tower market, challenging giants like Indus Towers and Data Infrastructure Trust. These startups offer competitive pricing and innovative solutions, attracting investments and partnerships with major telecom operators like Vi and BSNL. Despite facing hurdles like right-of-way issues, they aim to capitalize on the growing demand for 5G and network densification, particularly in underserved areas.

US Federal Reserve cuts: While benchmark indices rallied close to 1 per cent in early trade and made new record highs, valuation concerns and a sharp selloff in the broader markets led to profit-taking

Sensex, Nifty updates on 8 August 2024 - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 8 August 2024

Disconnect between earnings growth and stock prices, Bernstein said, is even more visible in the small-and mid-cap (SMID) universe

During the week, Foreign institutional investors (FIIs) have invested Rs 2,030 crore and domestic institutional investors (DIIs) have invested Rs 6,293 crore.

Q4 FY2024 Results Today: Bharti Airtel, Siemens, Colgate-Palmolive (India), BASF India, Apollo Tyres, and PVR Inox are among the 97 companies set to announce their financial results for the fourth quarter, which ended on March 31, 2024.

The present sentiment suggests a promising trajectory towards 21800-21850 for the Nifty. If it surpasses 21850, we might anticipate a further climb toward 22000, says Rupak De, Senior Technical Analyst at LKP Securities.

Indian rupee reported marginal gains against the US dollar, as the domestic unit closed at 83.16 in the week ended January 5 against December 29 closing of 83.20.

In this week, broader indices also touched fresh record highs with BSE-Midcap, BSE-Largecap and BSE-Smallcap added 2.6 percent, 2 percent and 1.6 percent, respectively.

During the week, Foreign institutional investors (FIIs) bough equities worth of Rs 8,648.96 crore, while Domestic institutional investors (DIIs) also bought equities worth Rs 666.06 crore.

All the sectoral indices ended in the green with Nifty Information Technology added 7 percent, Nifty PSU Bank and Metal indices rose 5 percent each, and Nifty Realty index gained nearly 4 percent.

For the week, both the benchmarks gained 6.5 percent each.

The market is due for a short term upward pull back in the near term. It has formed a long legged doji formation, which may see trending activity on either side, says Amol Athawale, Vice President - Technical Research, Kotak Securities.

FIIs continued to sell off Indian equities nine weeks on with the exits this week amounting to worth Rs 8,681.30 crore. DIIs, on their part, bought equities worth Rs 1,938.94 crore during the week

The Indian rupee ended the week stronger, closing 25 paise higher at 82.93 on September 22 against its September 15 closing of 83.18

As many as 10 stocks hit their 52-week lows today. BSE stocks such as AF Enterprises, AKI India, Best Eastern Hotels, Bheema Cements and Future Lifestyle Fashions hit their respective one-year low levels. That said, 159 stocks touched their one-year high levels today.

The BSE Sensex ended the week up 1.86 percent or 1,239.72 points at 67,838.63, and Nifty50 gained 1.87 percent or 372.35 points to finish at 20,192.30

The selling from Foreign institutional investors (FIIs) continued in the eight consecutive week as they offloaded equities worth Rs 746.62 crore, while domestic institutional investors (DIIs) bought equities worth Rs 3,363.36 crore in this week.