Industry And Cluster | News & Insights

Share Market LIVE: Sensex falls 250 points, Nifty below 9,500; Infosys top loser, Vodafone Idea soars 10%

Published: May 29, 2020
Author: TEXTILE VALUE CHAIN

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in negative territory on Friday taking cues from their Asian peers amid US-China trade tensions and Hong Kong security bill. The 30-share Sensex was trading 270 points or 0.84 per cent down at 31,930 while the broader Nifty 50 index gave up 9,450 level to trade at 9,422, down 68 points or 0.72 per cent. Vodafone Idea share price zoomed 10 per cent to Rs 6.40 apiece on BSE on report that Alphabet Inc’s Google could pick a 5 per cent stake. Axis Bank was the top Sensex laggard, down 3.5 per cent followed by IndusInd Bank, Bajaj Finance, HDFC Bank and Tata Steel. On the flip side, Asian Paints was the top Sensex gainer. Among other gainers were ITC, Sun Pharma, Bajaj-Auto, Nestle India and HUL. Most of the sectoral indices were trading with downticks. Nifty Bank index was down over 2 per cent dragged by Bandhan Bank, Axis Bank and IndusInd Bank. While FMCG index was trading higher in otherwise weak market led by gains Colgate-Palmolive, ITC and Britannia.

Alphabet Inc’s Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook Inc in investing in the world’s fastest-growing mobile arena. Google may take a stake of about 5% in Vodafone Idea, a partnership between the UK telecom carrier and the Aditya Birla Group, though the deliberations are at a very early state, the FT cited people familiar with the matter as saying

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