Nokia said on Thursday that Indian tax officials had issued the Finnish mobile phone maker with a fine although the Delhi High Court issued a stay on the demand. Nokia did not comment on the amount. In ...
Equitymaster submits: After opening on a positive note, the Indian indices swiftly moved closer to the dotted line and ended the day with a status quo. While the BSE-Sensex closed barely in negative (down 3 points), the NSE-Nifty just about managed to stay in the green (up 3 points). The BSE Midcap and the BSE Small cap indices too failed to show significant changes. Gains were largely seen in the auto and banking space. FMCG and metal stocks remained out of investor favour.
Equitymaster submits: After barely managing to stay in the positive for most of the session today, the Indian indices slipped below the dotted line in the final hours of trade. In fact the Indian markets were amongst the few losers in Asia. Profit booking in key index heavyweights from commodity, realty, telecom and banking sectors led the decline in the Indian markets.
Equitymaster submits: After sustaining marginal gains for most of the session, Indian markets succumbed to selling pressure in the final hour of trade today. Stocks from the banking, commodity and energy sectors were particularly under pressure in the wake of the revised inflation numbers. While the BSE Sensex closed lower by around 26 points (up 0.1%), the NSE Nifty lost around 3 points (up 0.1%). Midcap and smallcap stocks, however, managed to stay in the positive.