The telecom companies’ face a big blow as the apex court of the country ruled out its review petition for Adjusted Gross Revenue (AGR) verdict given on October 24, 2019.

On Friday, Kalpataru Power Transmission Limited (KPTL) announced that its wholly-owned subsidiary Alipurduar Transmission Limited (ATL) has successfully connected 'Element 1' or the Alipurduar to Siliguri Line with the interconnection facilities of the grid.

The market opened in the red on 17th January, overall volumes in futures & options currently stand at 4.66 crore contracts with a turnover of Rs. 32,27,320.73  crore

The market opened in the red on 17th January, overall volumes in futures & options currently stand at 4.66 crore contracts with a turnover of Rs. 32,27,320.73  crore.

The market opened in the red on 17th January. The previous day witnessed  the Sensex going up by 59.83 points to end at 41,932.56  and the Nifty was up by 12.20 points to close at 12,355.50.

The consolidated revenue for the quarter Q3FY20 came in at Rs 533.6 crore, as against Rs 417.35 crore in the corresponding quarter last year, registering 27.9 per cent YoY increase. In this quarter, domestic business grew by 35 per cent YoY and international sales by 24 per cent YoY.

The market opened in the red on 17th January. The previous day witnessed  the Sensex going up by 59.83 points to end at 41,932.56  and the Nifty was up by 12.20 points to close at 12,355.50. 

The Supreme Court of India has lifted the suspension of Environment Clearance (EC) imposed on the construction of a new greenfield airport at Mopa (Goa) of GMR Goa International Airport Limited (GGIAL), which is a subsidiary of GMR Infrastructure Limited.

A close below 12,270 may provide some bearish signs for the short-term. As long as it does not close below the prior bar low, be with the positive bias for the target of 12,400 and above. Stocks in news: Rallis India, Shriram Transport Finance, GMR Infrastructure, Premier Explosives, Nilkamal.

In the previous trading sessions, markets celebrated the phase 1 of the trade deal but that did not last long as the markets gave away most of its gains. As we enter the final trading session of the week, the SGX Nifty is trading flat and is likely to be cautious ahead of the weekend.